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Cryptocurrency is the future of digital assets, and Bitcoin was the first to be introduced and is now one of the most popular cryptocurrencies around the world with a value of around $27,000. Various industries discovered the true potential of Bitcoin and used it in transactions regularly. Double spending was the major flaw introduced with the new currency where one person can transfer ownership of his asset to another more than once later on this issue was solved and with a transaction verification system and ownership of the same asset cannot be transferred multiple times.
Whereas Satoshi is a discrete denomination of bitcoin and 1 bitcoin is equivalent to one hundred million satoshi. Let’s take an example to understand what Satoshi is. Suppose, you have a note of 500 and have to distribute it among 500 people. How will you do it? The answer is simply denominating the amount in a rupee coin in 500 parts. Satoshi is the denomination of a Bitcoin less than 1.
Satoshi is a denomination of Bitcoin but not related to other cryptocurrencies in any manner every cryptocurrency has there own denomination system. Here are some
Satoshi can be referred to as using the metric system:
millibitcoin(mBTC) = 100,000 Satoshi
Microbitcoin (µBTC) = 100 Satoshi
Ethereum network uses different methods for the same values:
1 Wei = 1 quintillionth of 1 ether
1 Gwei = 1 billion wei
Both the currencies bitcoin and Ethereum holds different value in the market because of have different conventions
Holacity is a blockchain-based metaverse game. Hola City follows the vision of Satoshi for providing a game that is related to the virtual world. Users can get an immersive experience of this future technology which not only works for providing the experience this has brought up the journey of the future of the metaverse and blockchain. Hola City seamlessly worked to create a revolution in the crypto world. How can this be possible? As people nowadays are shifting towards the virtual world and blockchain networks which provide them safety. The most crucial part is played when using the P2E technology play to earn here the users can not only play but can also earn for their living. Previously games were considered a way of entertainment but it was not possible to play games all the time which can harm the lives of people. But now technology brought a revolution in the gaming industry as gaming enthusiasts can not only play games but can only earn their livelihood, in cities where there are not enough sources to earn and where the cost of living is high. This method of earning will not only change their lives but they can also rely on them. By just playing games they can now earn tokens and can exchange them with assets in-game and with the use of other exchanges.
The introduction of blockchain revolutionizes the world at a different level and changes the lives of people in a manner where they can rely on technology and which will bring trust to future users.
Andrew is a blockchain developer who developed his interest in cryptocurrencies while pursuing his post-graduation major in blockchain development. He is a keen observer of details and shares his passion for writing, along with coding. His backend knowledge about blockchain helps him give a unique perspective to his writing skills, and a reliable craft at explaining the concepts such as blockchain programming, languages and token minting. He also frequently shares technical details and performance indicators of ICOs and IDOs.
