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What do sats mean in Crypto Currency?

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  #1  
Old 10-12-2017, 18:52
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Default What do sats mean in Crypto Currency?

Cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is prior defined and publicly known.

In centralized banking and economic systems such as the Federal Reserve System, governments control the value of currency by printing units of fiat money or demanding additions to digital banking ledgers.

However, governments cannot produce units of cryptocurrency and as such, governments cannot provide backing for firms, banks or corporate entities which hold asset value measured in a decentralized cryptocurrency. The underlying technical system upon which all cryptocurrencies are now based was created by the group or individual known as Satoshi Nakamoto.
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  #2  
Old 27-02-2018, 03:42
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Default Re: What do sats mean in Crypto Currency?

Sats mean in cryptocurrency is Satoshi. Smallest denomination of a bitcoin.
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Old 28-02-2018, 01:49
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Default Re: What do sats mean in Crypto Currency?

Cryptocurrency is the latest buzz word. You might have heard someone or the other talking about investing in some kind of cryptocurrency.
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Old 04-03-2018, 06:12
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Default Re: What do sats mean in Crypto Currency?

Same as pips. Its a fraction of bitcoins. Although brokers which offer bitcoin trading like Tickmill or Hotforex still calculate fraction positions in pips maybe because of platform limitations.
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Old 13-03-2018, 02:00
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Default Re: What do sats mean in Crypto Currency?

Bitcoin, Litecoin, and Ethereum proved to have great potential for investment and speculation, due to their high volatility and dramatic price moves.
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  #6  
Old 13-04-2018, 14:24
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Default Re: What do sats mean in Crypto Currency?

Put simply, it's a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.
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