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What do sats mean in Crypto Currency?
12-11-2017, 05:01 AM,
What do sats mean in Crypto Currency?
Cryptocurrency is produced by the entire cryptocurrency system collectively, at a rate which is prior defined and publicly known. 

In centralized banking and economic systems such as the Federal Reserve System, governments control the value of currency by printing units of fiat money or demanding additions to digital banking ledgers. 

However, governments cannot produce units of cryptocurrency and as such, governments cannot provide backing for firms, banks or corporate entities which hold asset value measured in a decentralized cryptocurrency. The underlying technical system upon which all cryptocurrencies are now based was created by the group or individual known as Satoshi Nakamoto.
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