What Is MilliBitcoin?
MilliBitcoin is a fraction of Bitcoin (BTC) equal to one-thousandth of a BTC.
Specifically, 1 BTC is equivalent to 1,000 mBTC.
Exploring Bitcoin’s Divisibility and Terminology
Bitcoin can be divided into extremely small units due to its digital nature, unlike physical materials like gold. This divisibility allows Bitcoin holders to price goods based on their perceived value.
As a result, various terms have emerged to represent different sub-units of Bitcoin.
From Peer-to-Peer System to Leading Cryptocurrency
Bitcoin was initially envisioned as a crucial component of a peer-to-peer monetary system.
Similar to how fiat currencies like the US Dollar can be divided into whole units and cents (one-hundredth of a dollar), Bitcoin can be further divided into microbitcoins (mBTC), millibitcoins (mBTC), and satoshi.