I've always wanted to write about this, and this time I finally have a moment.
Internally, the Bitcoin protocol records amounts as integers in satoshis; the decimals shown by wallets and exchanges are just converted values.
Outputs that are too small often aren't even enough to cover the transaction fee when spent, and the default rules of nodes will also treat such outputs as "dust" and not relay them.
$BTC You don't have to buy a whole bitcoin; you can trade fractions of a coin, or even less.
Which direction would you like to see in the next installment? Wallets or something else?
#BTC
Internally, the Bitcoin protocol records amounts as integers in satoshis; the decimals shown by wallets and exchanges are just converted values.
Outputs that are too small often aren't even enough to cover the transaction fee when spent, and the default rules of nodes will also treat such outputs as "dust" and not relay them.
$BTC You don't have to buy a whole bitcoin; you can trade fractions of a coin, or even less.
Which direction would you like to see in the next installment? Wallets or something else?
#BTC