Meanings of common words used in cryptocurrancy and the blockchain
For those new to crypto and its associated technology many of the words will have unfamiliar meanigs and abreviations. All cryptocurrancies are abreviated ie Bitcoin is BTC.Below are some common crypto words and abreviations with thier meanings
- The technolgy BTC and other cryptocurrancy run on
BTC
- Abbreviation for Bitcoin
Fiat
- Term used for normal currancies such as the dollar or Euro
Saotashi
- Saotashi is the smallest unit of BTC. Similar to cents in USA and other fiat currancies
- 1 saotashi .00000001 btc
- 1saotashi= 1 millionth of a BTC
