Difference between revisions of "Millisatoshis"

Latest revision as of 07:45, 18 February 2019

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-The [[Lightning Network]] has the capability to send amounts smaller than the smallest unit on the [[Layer-1]] blockchain. The smallest unit on [[Bitcoin]] is 1 [[Satoshi]] but the [[Lightning Network]] can handle [[Millisatoshis]] with 1000 [[Millisatoshis]] being 1 [[Satoshi]].
+#REDIRECT [[Denominations]]
-[[Millisatoshis]] is abbreviate with [[msat]].
-The amount is rounded down to the nearest [[Satoshi]] when the [[channel]] is closed and broadcast to the blockchain to adhere to bitcoins specification.
-A [[Millisatoshis]] is the 0.00000000001-th part of a Bitcoin. Or 100 billion [[Millisatoshis]] are 1 BTC.
-= References =
-* [https://en.bitcoin.it/wiki/Units Units]