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

Retinus
11:17
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Related Coin:
BitCoin

Now Bitcoin costs about 10 thousand dollars. Some time ago it was almost 20000USD. Obviously there is not everyone can buy a single coin. Especially when it comes to novice users. I saw on the websites that 1BTC is fractioned on tenths and hundredths of a shares and even more. And is there a name for the smallest amount of Bitcoin? What unit is used to describe it? This is my fair interest here. Thanks for your answers.

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nrj300
20:38
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nrj300
Of course it is difficult for an ordinary person to buy a whole one bitcoin. Therefore, in the practice of trade, the fragmentation of bitcoin is common. The smallest part of Bitcoin is called Satoshi. Bitcoin can be divided up to eight symbols after the comma. So one bitcoin can be divided additionally into 100,000,000 units. Each Bitcoin unit (0.00000001 BTC) is named Satoshi. Satoshi is the smallest part of Bitcoin. It has such name because of Satoshi Nakamoto, the pseudonym of the founder of Bitcoin. So you see there is an opportunity to buy only a bit of Bitcoin. The name Satoshi is rarely used. More common thing is that the decimal fractions is written and the sign BTC is added to it. That's all!
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