Questions tagged [divisibility]

Questions concerned with the number of subunits of a bitcoin, and the rules governing divisibility.

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151
votes
5answers
243k views

What is a 'Satoshi'?

I am aware that Satoshi Nakamoto is the author of the paper that originated Bitcoin and the creator of the original bitcoin client. However, I often hear the term Satoshi as if it was a monetary unit. ...
13
votes
2answers
10k views

Why can we have small fractions of a Bitcoin?

I didn't study the inner workings of Bitcoin (yet), but already since when I just started using it, I wondered why a Bitcoin can be split up in parts. Because there is a limit on the amount of Bitcoin ...
19
votes
7answers
5k views

Will we ever need smaller amounts of Bitcoin than a Satoshi?

Will there ever be a need to create a unit of Bitcoin smaller than a Satoshi? See also: What is a 'Satoshi'?
5
votes
2answers
10k views

How does Bitcoin divisibility work?

I come from a programming background and I am trying to figure out how Bitcoin allows for divisibility. An example using high level code would also be nice. I understand the high level basics of ...
1
vote
1answer
3k views

Naming convention: MilliBit or Millibitcoins (mBTC), microbitcoin or Mikrobitcoins (μBTC)?

I heard about many use: Bitcents, Bitmills (or Bitmilles) 1.02 - One bitcoin and two bitcents 0.001 - One millibitcoin (nickname "one Millie") 0.000001 - One microbitcoin (nickname "one Mike") ...
7
votes
1answer
3k views

What is a millisatoshi? I thought satoshi is the smallest unit?

I encountered 'millisatoshi' (msat) while browsing Lightning Network..., see screenshoot below: And subsequently I found it mentioned here: https://github.com/ElementsProject/lightning/blob/master/...
1
vote
2answers
681 views

Is it possible to pay part of a Bitcoin to someone?

Bitcoins are over $800, I need to pay someone about $200. Is it possible to pay someone with a partial bitcoin?