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9 September, 17:18

What unit is used to describe the smallest amount of bitcoin?

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  1. 9 September, 19:03
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    The satoshi is currently the smallest unit of the bitcoin currency recorded on the block chain. It is a one hundred millionth of a single bitcoin (0.00000001 BTC).

    Explanation:

    A bitcoin is a type of digital currency in which a record of transactions is kept and new units of currency are generated by the computational solution of mathematical problems. Bitcoins operate independently through a central bank.
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