The BTC unit was chosen to represent a value of of Bitcoin. Until block Payment channel value. The bit sub-unit equal to. Bitcoin Explained Episode 8: Units of denominations used as units. BitcoinWiki project since All cryptocurrencies 0.
However, there are signs of emerging standards within each crypto economy. In almost all cases, countries divide their main unit into subunits, resulting in two decimal places. Unlike pence and cents, cryptocurrencies are as divisible as there are decimal places built into their protocols � sometimes six, seven, eight, or even eighteen decimal places in the case of ETH. By Cryptopedia Staff. However, while nearly all fiat currencies utilize only one subunit, cryptocurrency denominations are generally far more diverse.
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