8 bytes is equal to how many bits in a bitcoin
There are 1 million bits in every bitcoin — this takes the decimal placing to only 6 spaces out of the available 8, leaving 2x 00s left over on the end, which will be used as decimals. Robert Louis Stevenson describes his experience with bits in Across the Plainsp. The expression also survives in the sports cheer "Two bits, four bits, six bits, a dollar From Wikipedia, the free encyclopedia.
In the UK, use of the term "bit" largely disappeared with the arrival of decimal coinage and the loss of the coin denominations to which it had applied. The term was used only of coins representing multiple values — a penny coin was simply a "penny", not a "penny bit", a shilling coin was a "shilling", a half crown coin worth two shillings and sixpence was "half-a-crown" — but 8 bytes is equal to how many bits in a bitcoin valued at more than a unit could attract the suffix "bit". Rather than representing a specific monetary value, it was applied colloquially to a range of low-denomination coins in the sense of "coin" or "piece of money". Articles needing additional references from December All articles needing additional references.
Please help improve this article by adding citations to reliable sources. The word bit is a colloquial expression referring to specific coins in various coinages throughout the world. Here one bit is represented:. Retrieved from " https: Looking at bitcoin like this makes it much easier and more realistic to see how it will be used and how it really can go mainstream right!
And understanding this will help you to see just how valuable the thousands of bits that you can get for free TODAY really could be in the future. Views Read Edit View history. Another example of the use of "bit" can be found in the poem "Six-Bits Blues" by Langston Hugheswhich includes the following couplet:
Coins of the United States. If you did this 4 years ago… Source: It did not fully implement decimal listing until January 29, Roger Miller 's song " King of the Road " features these lines:
From tothe Danish West Indies used the bit as part of its currency system. From Wikipedia, the free encyclopedia. Robert Louis Stevenson describes his experience with bits in Across the Plainsp. Here one bit is represented: In the UK, use of the term "bit" largely disappeared with the arrival of decimal coinage and the loss of the coin denominations to which it had applied.