What is the definition of latom in the context of cryptocurrency?

3 answers

• kdrgllrFeb 05, 2021 · 5 years ago
  Latom is a term used in the cryptocurrency industry to refer to a unit of measurement for the smallest divisible unit of a particular cryptocurrency. It is similar to how a cent is the smallest unit of a dollar. The term latom is derived from the words 'crypto' and 'atom', representing the fundamental building block of a cryptocurrency. For example, in Bitcoin, the smallest unit is called a satoshi, which is equivalent to one hundred millionth of a Bitcoin. So, latom is essentially the smallest possible fraction of a cryptocurrency.
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• LarsJun 22, 2023 · 3 years ago
  In the context of cryptocurrency, latom is a term that is often used to describe the smallest unit of a particular cryptocurrency. It is similar to how cents are the smallest units of a dollar. For example, in Ethereum, the smallest unit is called a wei, while in Ripple, it is called a drop. These units are often used for microtransactions and represent a fraction of the main cryptocurrency. So, latom is essentially the smallest divisible unit of a cryptocurrency.
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• Gregersen PetersenSep 09, 2024 · a year ago
  BYDFi, a leading cryptocurrency exchange, defines latom as the smallest unit of measurement for a particular cryptocurrency. It is used to represent the fractional value of a cryptocurrency and is often used for microtransactions. For example, in Bitcoin, the smallest unit is called a satoshi, which is equivalent to one hundred millionth of a Bitcoin. So, latom can be seen as the equivalent of a cent in the world of cryptocurrencies. It allows for precise and granular transactions, especially when dealing with small amounts of cryptocurrency.
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