Satoshis Vision
Crypto Overview
Project Overview
Satoshis Vision (SATS) is a cryptocurrency that aims to serve as a unit of account on the Bitcoin network, where 1 SATS represents 0.00000001 BTC (100 millionth of a Bitcoin). It is not a separate blockchain or token, but rather represents the smallest unit of Bitcoin.
Purpose and Utility
The primary purpose of SATS is to make Bitcoin denominations more accessible and intuitive for everyday users, particularly in regions where Bitcoin's price makes whole unit denominations impractical. It serves as a medium of exchange and unit of account, inheriting Bitcoin's underlying utility and infrastructure.
Business Model and Development
As SATS is simply a denomination of Bitcoin, it inherits Bitcoin's decentralized development model and extensive network of developers. There are no separate founders or token distributions to evaluate, as it is fundamentally inseparable from Bitcoin itself.
Real-World Adoption
SATS denomination is increasingly being adopted by cryptocurrency exchanges, wallets, and payment processors as an alternative unit of account to whole Bitcoins. This adoption is particularly notable in emerging markets where micro-transactions are common.
Platform Activity
The platform activity is identical to Bitcoin's network activity, as SATS is simply a different way of expressing Bitcoin amounts. The Bitcoin network maintains robust development activity, security, and continuous improvements.
Crypto Impact
To assign a comfort level investing in Satoshis Vision from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to Satoshis Vision.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.