Satoshis Vision

Halal Rating :
Comfortable
Contract: 0x6c22910c6f75f828b305e57c6a54855d8adeabf8
Last Price $0.0041 Last updated:
Rank 9887
1D Change 0.00 %
Market Cap -
Circulating supply 0
Maximum supply 21,000,000

Crypto Overview

Categories
  • Ethereum Ecosystem

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.

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