What is the smallest unit of BTC, ETH, and LTC?

Before, a piece of news that made many practitioners in the blockchain industry ecstatic was widely circulated on various social platforms: the value of one satoshi (Bitcoin) has surpassed the legal currency of several countries, including Iranian rial, Vietnamese dong , Indonesian Rupiah, Guinean Franc, Sierra Leone Lyon, Lao Kip, Uzbekistan Soma.

A small number of Bitcoin enthusiasts even commented "This is just the beginning, the future Bitcoin price is going to Da Moon!"

"Too expensive" is the first impression of Bitcoin for many newcomers who are new to the blockchain. However, what many people don't know is that one bitcoin can also be split into 100 million pieces. In fact, not only Bitcoin, but many cryptocurrencies can be split down to the smallest unit.

Today, let’s talk about the smallest unit of some mainstream cryptocurrencies.

The smallest unit of Bitcoin: Satoshi (SAT)

The founder of Bitcoin is named Satoshi Nakamoto, and the smallest unit of Bitcoin is Satoshi (SAT). 1 Bitcoin is equal to 100 million satoshis, a unit that was agreed upon by users on the BitcoinTalk forum after discussions in 2011.

In addition to Satoshi (SAT), Bitcoin has other units: Bitcent (Bitcent, cbtc), Milli-Bitcoins (mBTC), Micro-Bitcoins (μBTC). Among them, 1 BTC = 100 cBTC = 1000 mBTC = 1 million μBTC = 100 million Satoshi.

Ether (the smallest unit of ETH: Wei)

Ethereum follows the tradition of the scientific community and uses the names of famous scientific people who have made outstanding contributions as units. The smallest unit of ether (ETH) is Wei, which is a tribute to Wei Dai, the pioneer of cryptography.

As early as 1998, Chinese scientist Wei Dai proposed B-Money, an anonymous distributed electronic cryptocurrency. Satoshi Nakamoto used B-Money in many places when he designed Bitcoin. References listed at the end of the Bitcoin white paper The first article is an article by Wei Dai.

Other units of ether are also to pay tribute to scientists: Babbage comes from the name of Charles Babbage, the father of general-purpose computers; Lovelace comes from the name of Ada Lovelace, the daughter of the famous British poet Byron, mathematician and founder of computer programs.

Shannon comes from the name of Claude Shannon, an American mathematician and the founder of information theory; Szabo comes from Nick Szabo, the proposer of the decentralized digital currency mechanism Bit Gold; Finney comes from the second acceptance after Satoshi Nakamoto Bitcoin man Hal Finney's name.

The units of ether are converted as follows:

1 Ether = 10 to the 18th power Wei;

1 MilliEther (Finney) = 10 to the 15th power Wei;

1 MicroEther (Szabo) = 10 to the 12th power Wei;

1 Gwei (Shannon) = 10 to the 9th power Wei;

1 Mwei (Lovelace) = 10 to the 6th power Wei;

1 Kwei (Babbage) = 10 to the power of 3 Wei.

The smallest unit of Litecoin (LTC): Litoshi

Similar to the smallest unit of Bitcoin, Satoshi (satoshi) and its conversion, the smallest unit of Litecoin is Litoshi, 1 LTC = 100 million Litoshi.

btc, ETH, blockchain technology, litecoin