What is the largest unit of bitcoin?

This ledger, known as the blockchain, serves as a public and immutable record of all Bitcoin transactions. Each block within the chain contains a series of transactions, which are verified and added to the chain through a complex process known as mining. This ensures the integrity and security of the network.

One of the key features of Bitcoin is its limited supply. Unlike traditional fiat currencies, which can be printed indefinitely, the total number of Bitcoins that will ever exist is capped at 21 million. This scarcity is intended to preserve the value of the currency and prevent inflation.

To facilitate transactions of various sizes, Bitcoin can be divided into smaller units. These units are known as satoshis, with one Bitcoin equal to 100 million satoshis. This divisibility makes Bitcoin adaptable for a wide range of uses, from small microtransactions to larger financial transfers.

The peer-to-peer nature of Bitcoin, combined with its transparent and Immutable ledger, creates a secure and decentralized financial system. This system operates independently of traditional banks and financial institutions, providing users with greater control over their funds and reducing the risk of fraud.

Bitcoin functions within a peer-to-peer network framework. This unique setup allows for transactions to be conducted directly between individuals without the need for a central authority. The transparency of these transactions is ensured by their recording on a decentralized ledger system.