Satoshi is the smallest unit of Bitcoin, representing one hundred millionth of a single bitcoin (0.00000001 BTC). Named after Bitcoin’s mysterious creator, Satoshi Nakamoto, this tiny unit plays a crucial role in how transactions are recorded on the blockchain.
How is Satoshi Used?
All amounts on the blockchain are calculated in satoshi before being converted to bitcoin for display. This ensures precision when calculating small fractions of Bitcoin, such as transaction fees or faucet rewards, which are often displayed in satoshis for better readability.
While the satoshi is the smallest amount recorded on the blockchain, payment channels like the Lightning Network may deal with even smaller units called millisatoshis. One millisatoshi is one-thousandth of a satoshi, allowing for even finer payments.
How to Start Earning Satoshi
- Download a Satoshi Mining App
- Create an Account: Sign up and log in to the app.
- Join a Mining Pool: It’s recommended to join a pool with more members for better mining efficiency from “Project” section.
- Start Mining: Once everything is set up, click “Start Mining” to begin earning satoshis.
- Complete Real-Name Authentication: To ensure security, complete identity verification using your government-issued ID.
- Invite Friends
- Stay Connected: Follow on social media to stay updated on new challenges, rewards, and community events.
Important Requirements to Participate
To get the most out of earning and mining satoshis, you’ll need to meet the following requirements:
- Telegram: Join the Coindrops group to stay updated on airdrops and promotions.
- Email: Provide a valid email address to participate in exclusive events and giveaways.
By staying connected with platforms like Coindrops on Twitter, Telegram, and Facebook, you won’t miss out on the latest opportunities to earn satoshi and other exciting rewards.
