wizz on Nostr: Based on what is written in the Bitcoin white paper; Bitcoin aims to offer lower ...
Based on what is written in the Bitcoin white paper; Bitcoin aims to offer lower transaction fees than traditional online payment mechanisms and is governed by a decentralized authority, unlike government-issued currencies.
Since the creation of Bitcoin, its success and popularity has inspired the development of many other cryptocurrencies. By 2017, about 10,000 projects based on its network were created.
Bitcoin is also divided into smaller units:
Although Bitcoin is usually measured as BTC (Bitcoin) or sat (Satoshi); However, some other types of Bitcoin units are:
mBTC (millibitcoins) 0.001
µBTC (bit) 0.000001
msat (millisatoshi)0.00000000001
Published at
2023-08-30 21:05:16Event JSON
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"created_at": 1693429516,
"kind": 1,
"tags": [],
"content": "Based on what is written in the Bitcoin white paper; Bitcoin aims to offer lower transaction fees than traditional online payment mechanisms and is governed by a decentralized authority, unlike government-issued currencies.\nSince the creation of Bitcoin, its success and popularity has inspired the development of many other cryptocurrencies. By 2017, about 10,000 projects based on its network were created.\nBitcoin is also divided into smaller units:\nAlthough Bitcoin is usually measured as BTC (Bitcoin) or sat (Satoshi); However, some other types of Bitcoin units are:\n\nmBTC (millibitcoins) 0.001\n\nµBTC (bit) 0.000001\n\nmsat (millisatoshi)0.00000000001 https://cdn.zbd.gg/ugc-uploads/8fe2dcca-1693429514234.jpeg",
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}
