What is BTC, mBTC, µBTC, and Satoshi? (for beginner)

Posted on 26 June 2015 at 22:39

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Are you newbie about Bitcoin? Then you should know about this. BTC or Bitcoin is a payment system who invented by Satoshi Nakamoto that released in 2009. But in the 2014 this payment method was being popular until now.

The unit of account of the bitcoin system is bitcoin. As of 2014, symbols used to represent bitcoin are BTC,and . Small amounts of bitcoin used as alternative units are millibitcoin (mBTC), microbitcoin (µBTC), and satoshi. Named in homage to bitcoin's creator, a satoshi is the smallest amount within bitcoin representing 0.00000001 bitcoin, one hundred millionth of a bitcoin A millibitcoin equals to 0.001 bitcoin, which is one thousandth of bitcoin. One microbitcoin equals to 0.000001 bitcoin, which is one millionth of bitcoin. A microbitcoin is sometimes referred to as a bit. (source: wikipedia).