SatoshiChainSatoshiChain is an EVM-compatible blockchain that aims to complement the original Bitcoin cryptocurrency. As a proof-of-stake blockchain, SatoshiChain seeks to bring scalability, security, robustness, and utility to Bitcoin. In short, the SatoshiChain doesn’t compete with Bitcoin. Instead, it aims to harmonize with the original crypto and enhance it with smart contract capability.
SatoshiChain enhances $Bitcoin to bring Decentralized Finance applications like NFTs, games, and decentralized applications (dApps) to the $Bitcoin community. Unfortunately, $Bitcoin cannot support any of these applications (or any other dApps) as is.
SatoshiChain fixes this.
SatoshiChain utilizes the Satoshi currency ($SAT). A single bitcoin ($BTC) is divisible, just like dollars, and the smallest unit is called a Satoshi. When you bridge your $BTC to SatoshiChain, you receive $SAT in your wallet. There are 100 million Satoshis ($SAT) in one bitcoin, meaning each Satoshi is worth 0.00000001 BTC.
The bridge works both ways, so when you withdraw your $SAT out of SatoshiChain, you receive $BTC in your Bitcoin wallet according to the same conversion rate.
