Business Terms and Jargon Explained
What is Bitcoin
Is virtual money that does not rely on financial institutions or central banks for exchange and management. bitcoin is subdivided into 100 million smaller units called satoshis which means that the currency has eight decimal points which is useful as it is used worldwide and can be exchanged for many currencies.
Bitcoin is based on open source software and can be distributed via peer-to-peer internet protocol on computers and Smartphone’s and can be stores on memory sticks.
- 1 BTC = 1 bitcoin
- 0.01 BTC = 1 cBTC = 1 centibitcoin
- 0.001 BTC = 1 mBTC = 1 millibitcoin
- 0.000 001 BTC = 1 ?BTC = 1 microbitcoin
- 0.000 000 01 BTC = 1 satoshi
<- Go Back
Business Terms Home page
Search Jargon and Terms Database
A B C D E F G H I J K L M N
O P Q R S T U V W X Y Z
Term created / updated 2013-04-08 09:18:40
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.
Copyright © 2004-2020 Scopulus Limited. All rights reserved.