What is Milisatoshi?

Milisatoshi meaning and Milisatoshi definiton

Milisatoshi is a ridiculously small unit of a bitcoin. It represents 0.00000000001 or one hundred billionth and is sometimes used by developers and micro-payment gateways to more accurately track transaction fees. Unlike Satoshi - Bitcoin's smallest denominator - milisatoshis can't be stored on the Bitcoin's blockchain.

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Lightning network is a centralised service that helps speed up transactions on Bitcoin's blockchain. Being independent, it allows this type of infinitesimal unit.

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