Bitcoin Base Unit Upgrade: Jack Dorsey Endorses Proposal to Retire Satoshis

A proposal to redefine Bitcoin’s base unit and eliminate the use of satoshis (sats) has garnered support from prominent figure Jack Dorsey. Authored by Synonym CEO John Carvalho, BIP 177 aims to simplify Bitcoin’s design for better clarity and usability. The new structure would see one BTC equivalent to 100,000,000 smaller units of Bitcoin (Bitcoins), a move that aligns with the fundamental nature of Bitcoin’s ledger.