We give some data on Bitcoin, but above all, the conversion of Bitcoin to satoshi, which is commonly how we talk about amounts lower than 1 BTC and especially for Altcoins.

Bitcoin is the base currency of cryptocurrencies. This currency has been the origin of this movement and many cryptocurrencies are based on the Bitcoin blockchain, Something that we must highlight is that because it is the first to reach the market, it is the one with the highest valuation in the market and all Altcoins (thus is what the cryptocurrencies that have come later are called), have a valuation that depends directly on the value of Bitcoin. Most Altcoin can only be traded for Bitcoin and then you can exchange the Bitcoin for dollars or euros, although that is another matter.

Today we want to explain some concepts around Bitcoin, so that we can all learn about cryptocurrencies. The first thing we have to know is that Bitcoin has an abbreviation, such as cryptocurrencies or listed companies and that of Bitcoin is BTC. Therefore, if we read 1 BTC, we will know that it refers to Bitcoin, it has no loss. That most will know. All Altcoins have abbreviations, but we are not going to review them all, we will talk about the abbreviation of each cryptocurrency when we talk about it,

BTC came onto the market with 21 million coins that had to be mined and it is almost impossible to know how many have actually been mined, but one thing is clear to us, it is impossible to mine Bitcoin, well, not impossible, but it does not pay off, because the difficulty It is very high, what's more, nowadays it is only mined in China, where the largest mining farms are located. Europe mainly mines Zcash and Ethereum and the United States is more committed to trading cryptocurrencies. Latin America is a broader range when it comes to cryptocurrency mining.

Something very interesting is the measurement system that has been established within cryptocurrencies. Most currencies with respect to Bitcoin have a very 'residual' value. For example Stellar (STR), which has a value of 0.00001508 BTC, Dogecoin (Doge), has a value of 0.00000114 or Ripple (XRP), which has a value of 0.00009417 BTC. Sure, these values ​​are difficult to express, so a conversion scale has been developed to facilitate these movements.

The scale is called 'satoshi' and is named after the creator of the BTC, Satoshi Nakamoto, who is an anonymous and unknown person, since nobody knows for sure who he is, there are hundreds of hoaxes about it, but his real identity is unknown. The satoshi scale determines that 0.00000001 BTC equals 1 satoshi. Sure, this way it is easier to express the value. Stellar would be 1.508 satoshi, Dogecoin is 114 satoshi and Ripple is 9417 satoshi, therefore, we already have a way to express the value of a given cryptocurrency in Bitcoin on a simpler, more manageable scale.

Now, we already know that 1 BTC is 100.000.000 satoshi (1 BTC = 1.000.000,00 bits = 100.000.000 satoshi), but there are more measurement systems for Bitcoin. There are other measurement systems, such as 0.01 BTC which is equivalent to 1 cBTC or 1 centibitcoin, also known as bitcent. 0.001 BTC equals 1 mBTC or 1 millibitcoin, although it is also sometimes referred to as mbit, millibit, or bitmill. 0.000 0001 BTC equals 1 µBTC or 1 microbticoin, which is also represented as ubit or microbit. These options are more challenging and are based on mathematical scales and are used much less, it seems that the satoshi scale has entered this field better.