Difference between revisions of "Millisatoshis"
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The [[ | 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]]. | ||
[[Millisatoshis]] is abbreviate with [[msat]]. | [[Millisatoshis]] is abbreviate with [[msat]]. | ||
Revision as of 19:54, 5 February 2019
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.
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.