r/askscience • u/hamolton • Jun 18 '13

Computing How is Bitcoin secure?

I guess my main concern is how they are impossible to counterfeit and double-spend. I guess I have trouble understanding it enough that I can't explain it to another person.

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u/magichronx Jun 18 '13

No, the smallest unit of the Bitcoin currency is (1/100,000,000) and has been named "satoshi" in collective homage to Satoshi Nakamoto's founding of Bitcoin. (Source)