What is the connection between SATS coin and Bitcoin?

SATS stands for satoshis, which is also the smallest unit of Bitcoin. The total amount of SATS is 2100 trillion, which corresponds to the additional issuance of 21 million Bitcoins. For such a person who is inseparable from Bitcoin everywhere As a new currency, many people are curious about what is the relationship between SATS currency and Bitcoin? In fact, SATS is the ninth inscription token on the BRC-20 protocol, and BRC20 is the inscription standard in the Bitcoin ecosystem. This means that there is an inextricable relationship between SATS coins and Bitcoin, and SATS The issuer of is Satoshi Nakamoto, the inventor of Bitcoin. The editor below will talk about these two tokens in detail.

What is the relationship between SATS coin and Bitcoin?

SATS is a BRC-20 token that pays tribute to Satoshi Nakamoto. The total amount is 100 million times that of Bitcoin. Sats is the abbreviation of satoshi and is the smallest unit of BTC. One satoshi is equal to 0.00000001 BTC.

SATS coin is a digital currency based on blockchain technology, issued by Satoshi Nakamoto, the inventor of BTC. Its purpose is to achieve more flexible, efficient and secure transactions through a distributed and decentralized approach. Currently, blockchain technology company Multi-Dimension Financial Services (MDX) has recognized and supported SATS currency.

SATS opens up a wide range of uses with the BRC-20 token standard on the BTC Internet. Since it does not require the operation of smart contracts, SATS has flexibility in areas such as payment systems and the gaming industry. This opens up new opportunities for the transfer and creation of digital assets.

SATS’s advantage lies in its contribution to the scalability of the BTC Internet and its ability to operate without smart contracts.

What is the use of SATS coins?

The center of use of SATS coins is transactions, which can be used to meet different market needs, including providing delivery services to enterprises, technology developers and investors. In addition, SATS coins can also be used in over-the-counter markets, bringing new opportunities to participants while connecting digital traders and traditional financial markets. Through the new technology of SATS currency trading, in-depth transactions in the financial market can also be promoted.

SATS Coin, as a currency, is widely recognized as safe and reliable, and can operate in a variety of technical environments. It can be traded on Bitcoin exchanges and can also be integrated with the features of Bitcoin. SATS is unique in its contribution to the scalability of the Bitcoin network and the BRC-20 token standard that operates without relying on smart contracts.

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