Bit
An informal Bitcoin-family denomination equal to one millionth of a coin, or 100 satoshis.
In some Bitcoin and Bitcoin Cash interfaces, one "bit" means 0.000001 BTC or BCH, equal to 100 satoshis. The denomination is informal and less consistently used than satoshis or the full coin unit.
In computing, a bit is a binary digit. Other cryptocurrency communities may use the word differently, so a payment request should state the asset and unit explicitly.
A small number of bits is not automatically "dust." Dust policy depends on output type, size, fee assumptions, and node software rather than one fixed denomination.
Related terms
Explore connected entries beyond the alphabetical index.
Satoshis (Sats)
→The smallest standard unit of Bitcoin or Bitcoin Cash, equal to one hundred millionth of a coin.
Bitcoin (BTC)
→The first widely adopted cryptocurrency, using proof of work and an issuance schedule capped near 21 million BTC under current rules.
Bitcoin Cash (BCH)
→A proof-of-work cryptocurrency that split from Bitcoin in 2017 and follows a separate on-chain scaling and CashVM roadmap.