Sats

Sats is a term commonly used in the cryptocurrency world and it stands for Satoshi. A Satoshi is the smallest unit of the Bitcoin cryptocurrency, representing one hundred millionth of a Bitcoin. It was named in honor of Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Sats are used to measure very small amounts of Bitcoin and are often used in transactions, trade, and pricing on cryptocurrency exchanges. As the value of Bitcoin has increased, the use of sats has become more prevalent in order to provide a more granular and precise way of referring to the currency.