Bitcoin (BTC)</strong></a>. In exchange transactions, Bitcoin is often used in subdivisions. As a single Bitcoin costs around $40,000 at the time of writing, it is more common to purchase or sell it in smaller subunits.</p>\n<p>Bitcoin was designed using a specific decimal system that allows the digital currency to be divided into eight decimal points. The smallest Bitcoin fraction is 0.00000001, called <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-satoshi-sats/">Satoshi (SAT)</strong></a>, named after the pseudonym of the cryptocurrency&rsquo;s creator, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/who-is-satoshi-nakamoto/">Satoshi Nakamoto</strong></a>. 100,000,000 Satoshis make up a single Bitcoin.</p>\n<p>Some of the other Bitcoin units are <strong>microbit (&micro;BTC)</strong> at 0.000 001 BTC, <strong>centibit (cBTC)</strong> at 0.01 BTC, and <strong>decibit (dBTC)</strong> at 0.1 BTC. 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Terms","updated":false,"chapter":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters/crypto-101-glossary.jpg","chapter_simple":"https://assets.bitdegree.org/crypto/assets/crypto-book/chapters-simple/crypto-glossary-101.jpg","rating":100,"sections":["A","B","C","D","E","F","G","H","I","J","K","L","M","N","O","P","Q","R","S","T","U","V","W","X","Y","Z"]}],"nextSection":{"id":99,"original_id":null,"author_id":40,"translator_id":null,"title":"What is Bitstream?","slug":"what-is-bitstream","section":"B","keyword":"Bitstream","status":"published","definition":"is a collection of digital bits of information (ones and zeros) that may be sent from one device to another.","content":"<p><strong>A bitstream is a sequence of digital bits of data.</strong>&nbsp;The data is loaded onto <strong>FPGA.</strong> To specify, <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-field-programmable-gate-array/">Field Programmable Gate Arrays</strong></a> are micromachined devices that are situated around a matrix of configurable logic blocks.</p>\n<p>As an example, the bitstream can transform sound into digital bits, after which the data is delivered from a source device to a receiver, and finally to your ears.</p>\n<p>There are two types of bitstreams - <strong>full and partial</strong>. The full bitstream works on the FPGA and contains a lot of RAM as well as flash memory. This type also manages the I/O pins.</p>\n<p>Partial bitstream, on the other hand, has only one task - to complete the part of the design. The program also functions on the FPGA, and it is said that this strategy is less time-consuming because it doesn&rsquo;t implement the unused parts of the design. It can also be referred to as partial reconfiguration or partial compilation.</p>\n<p><strong>A host computer or the parallel interface </strong>can be used to write the partial bitstream.</p>\n<h3>FPGA Bitstream</h3>\n<p>FPGA bitstream is generated by <strong>Hardware Description Language (HDL)</strong>. Moreover, it&rsquo;s a file that is mainly employed to set up the internal logic modules and configure the pinout. Therefore, to program an FPGA device, it's required to have a Verilog or VHDL file that explains how the specific integrated circuit should act.</p>\n<p>To specify, FPGA can also refer to a path developed to be customized by customers or designers. It can be molded and adjusted according to specific requirements, using either <strong>hardware or software.</strong></p>\n<p>Software configuration takes more time than hardware. However, hardware consumes more energy and requires more programming work, making it too difficult to achieve for larger projects.</p>\n<p>All in all, a bitstream file contains more than just the bits needed to set up an FPGA, it also contains human-readable fields that characterize those bits. It does, in fact, have <strong>an assembly-like instruction</strong> set for describing the FPGA setup process.</p>","level":"medium","meta_title":"What is Bitstream? Definition & Meaning | Crypto Wiki","meta_description":"Bitstream meaning: Bitstream - is a collection of digital bits of information (ones and zeros) that may be sent from one device to another.","meta_keywords":null,"language":"en","created_at":"2022-02-15T07:53:27.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bitstream"},"prevSection":{"id":97,"original_id":null,"author_id":40,"translator_id":null,"title":"What is BitPay?","slug":"what-is-bitpay","section":"B","keyword":"BitPay","status":"published","definition":"is a Bitcoin payment network operator that enables payments to be sent straight to the seller's bank account.","content":"<p>Simply described, <strong>BitPay is a <a href=https://www.bitdegree.org/"/crypto/buy-bitcoin-btc/">Bitcoin payment network operator,</strong> that was launched in May of 2011, by Tony Gallippi and Stephen Pair. The primary function of this payment service provider is to allow payments to be transferred directly to the seller's bank account via a <strong>Bitcoin <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-wallet/">wallet.

/n

This feature is available in over 38 countries. Back in September 2013, the company revealed its milestone of racing <strong>10,000 merchants.</strong></p>\n<p><em>BitPay's headquarters are located in Atlanta, Georgia, United States.</em></p>\n<p>To use BitPay you would need a BitPay card which is essentially a <strong>MasterCard</strong> that allows users to easily <strong>transfer cryptocurrency to <a href=https://www.bitdegree.org/"/crypto/learn/crypto-terms/what-is-fiat/">fiat currency that is stored on the card</strong>. This feature supposedly closes the gap between real and digital currency, by providing an easy way to spend the holdings anywhere around the world.</p>\n<p>&nbsp;</p>","level":"easy","meta_title":"What is BitPay? Definition & Meaning | Crypto Wiki","meta_description":"BitPay meaning: BitPay - is a Bitcoin payment network operator that enables payments to be sent straight to the seller's bank account.","meta_keywords":null,"language":"en","created_at":"2022-02-14T14:56:44.000000Z","updated_at":"2022-05-13T14:32:23.000000Z","preview_url":"https://www.bitdegree.org/crypto/learn/crypto-terms/what-is-bitpay"},"currentChapter":"B","currentSection":"what-is-bit-bitcoin","chapterTitle":"B","readingLevel":"easy"},"url":"/crypto/learn/crypto-terms/what-is-bit-bitcoin","version":"cdd198d50cbe5c9c21c9329d7c096ffc"}" class="container-fluid d-flex crypto-book p-0">

Handbook Cover Page
Crypto Terms: Letter B

What is Bit (Bitcoin)?

Bit (Bitcoin) MEANING:
Bit (Bitcoin) - a unit of a single Bitcoin.
Easy
1 minute

Let's find out Bit (Bitcoin) meaning, definition in crypto, what is Bit (Bitcoin), and all other detailed facts.

Bit, in the context of cryptocurrencies, is the smallest unit, or subdivision, of Bitcoin (BTC). In exchange transactions, Bitcoin is often used in subdivisions. As a single Bitcoin costs around $40,000 at the time of writing, it is more common to purchase or sell it in smaller subunits.

Bitcoin was designed using a specific decimal system that allows the digital currency to be divided into eight decimal points. The smallest Bitcoin fraction is 0.00000001, called Satoshi (SAT), named after the pseudonym of the cryptocurrency’s creator, Satoshi Nakamoto. 100,000,000 Satoshis make up a single Bitcoin.

Some of the other Bitcoin units are microbit (µBTC) at 0.000 001 BTC, centibit (cBTC) at 0.01 BTC, and decibit (dBTC) at 0.1 BTC. Some units go over the value of one Bitcoin, like the decabit (daBTC), which is worth 10 BTC, or megabit (MBTC) which is the equivalent of 1 000 000 BTC.

The divisibility of Bitcoin makes it a versatile cryptocurrency. Users are able to utilize it for micropayments as well as large-scale transactions.

The subdivisions of Bitcoin make the digital currency easy to understand. It can be expressed to two decimal places, like 10.99, making it visually comprehensible. As the popularity of Bitcoin grows, more people are likely to possess smaller fractions of bits to use for everyday transactions.
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