Bit

In the context of Bitcoin, a unit of measurement representing 1/1,000,000 of a Bitcoin, allowing for finer denominations in transactions. It should not be confused with the computer science definition, where one bit equals 0.125 bytes.

In the context of Bitcoin, a unit of measurement representing 1/1,000,000 of a Bitcoin, allowing for finer denominations in transactions. It should not be confused with the computer science definition, where one bit equals 0.125 bytes.