Crypto-Currency- What is Cryptography and how does it relate to digital assets = currency?
cryp·tog·ra·phy
/kripˈtäɡrəfē/
noun
the art of writing or solving codes.
What "code"? Code-or language of computers, "when all is said and done, computers only understand one language, {machine language} which is entirely made up of binary (BITS) OR 0'S & 1'S-
HENCE (BIT-coin)-
It is possible to program in binary- it would be time consuming- so we humans developed programming languages to make it easier to develop software.
---Basics--
A milli-bitcoin (mBTC) represents 1 / 1,000th of a bitcoin or appx. $10 USD.-$212.528 MXN---$38,294.28 COP---$783.122 ARS
A micro-bitcoin, or bits (μBTC) represents 1 / 1,000,000th of a bitcoin or $0.01 USD (one penny)=$ 0.212388 MXN---$38.3112 COP---$0.7831234 ARS
A satoshi is one hundred millionth of a single bitcoin or $0.0001 USD.
$.00211211 MXN---$.388867 COP---$.0078248 ARS
satoshi-
It’s the smallest unit of bitcoin that can be recorded on the blockchain.
Cuanto es uno "BIT"? How much is 1 Bit?
Pre-defined values-
1 Satoshi= 0.00000001 ฿
10 Satoshi= 0.00000010 ฿
100 Satoshi= 0.00000100 ฿= 1 Bit / μBTC (you-bit)
1,000 Satoshi= 0.00001000 ฿
10,000 Satoshi= 0.00010000 ฿
100,000 Satoshi= 0.00100000 ฿= 1 mBTC (em-bit)
1,000,000 Satoshi= 0.01000000 ฿= 1 cBTC (bitcent)
10,000,000 Satoshi= 0.10000000 ฿
100,000,000 Satoshi= 1.00000000 ฿
Crypto-Currency- What is Cryptography and how does it relate to digital assets = currency? cryp·tog·ra·phy /kripˈtäɡrəfē/ noun the art of writing or solving codes. What "code"? Code-or language of computers, "when all is said and done, computers only understand one language, {machine language} which is entirely made up of binary (BITS) OR 0'S & 1'S-
It is possible to program in binary- it would be time consuming- so we humans developed programming languages to make it easier to develop software. ---Basics-- A milli-bitcoin (mBTC) represents 1 / 1,000th of a bitcoin or appx. $10 USD.-$212.528 MXN---$38,294.28 COP---$783.122 ARS A micro-bitcoin, or bits (μBTC) represents 1 / 1,000,000th of a bitcoin or $0.01 USD (one penny)=$ 0.212388 MXN---$38.3112 COP---$0.7831234 ARS
A satoshi is one hundred millionth of a single bitcoin or $0.0001 USD. $.00211211 MXN---$.388867 COP---$.0078248 ARS satoshi- It’s the smallest unit of bitcoin that can be recorded on the blockchain. Cuanto es uno "BIT"? How much is 1 Bit? Pre-defined values- 1 Satoshi= 0.00000001 ฿ 10 Satoshi= 0.00000010 ฿ 100 Satoshi= 0.00000100 ฿= 1 Bit / μBTC (you-bit) 1,000 Satoshi= 0.00001000 ฿ 10,000 Satoshi= 0.00010000 ฿ 100,000 Satoshi= 0.00100000 ฿= 1 mBTC (em-bit) 1,000,000 Satoshi= 0.01000000 ฿= 1 cBTC (bitcent) 10,000,000 Satoshi= 0.10000000 ฿ 100,000,000 Satoshi= 1.00000000 ฿