A ‘Bit’ is a Bitcoin unit, or a fractional amount of a Bitcoin. It is a kind of shorthand for 1 microbitcoin, or 1 μBTC in scientific terminology.
Q. How many bits are there in 1 BTC?
A. There are 1 million bits in 1 BTC.
Q. How many Satoshis are there in 1 bit?
A. There are 100 Satoshis in 1 bit
Q. How many bits are there in 1 millibit?
A. There are 1000 bits in 1 millibitcoin (mBTC).
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