Ethereum: What is the difference between sats/byte and BTC/kB?

Understanding Satoshi and Kilobyte: Ethereum Unit Conversion

When it comes to cryptocurrency, understanding the different units used to measure fees and transactions can be incredibly difficult. Two often-confused units are satoshi (satoshi) and kilobyte (KB). In this article, we’ll break down the difference between Satoshi/Byte and BTC/KB, which will help you easily convert between these units.

Bitcoin Core Fee Display

Bitcoin Core fees are displayed in Bitcoin (BTC) units, specifically per kilobyte. This means that if someone pays a transaction fee using Bitcoin Core, it will be expressed as 0.0001 BTC per kilobyte. For example, a transaction might cost 10 satoshis to send.

Block Explorer Commission Display

However, Block Explorer uses a different unit of measurement for fees: satoshi (satoshi)/byte. In this system, the commission is displayed in satoshi units per byte. This means that if someone pays a transaction fee using a block explorer, it will be expressed as 0.001 satoshi/byte.

Conversion between units

To convert these units, we need to understand their conversion factors:

• 1 kilobyte (KB) = 1024 bytes

• 1 byte = 8 bits

Using these conversion factors, we can calculate the equivalent fee for each unit.

For example, let’s say a transaction costs $0.01 BTC and 5 KB of network bandwidth.

Bitcoin Core:

• 5 KB x 1000 bytes/KB = 5000 bytes

• Fee: 0.0001 BTC per byte x 5000 bytes = 0.005 BTC

Using the Satoshi/Byte conversion rate, we can convert this fee to Satoshi:

• 0.005 BTC x 100,000,000 satoshi/BTC = 50,000,000 satoshi

• Fee: 5 KB x 1024 bytes/KB x 8 bits/byte = 512,000 cells

For Block Explorers:

• Fee: 0.001 sat/byte x 5000 bytes = 5000 sat.

As you can see, the conversion rates are not exact, but they give you an idea of ​​how to calculate fees in different units.

Conclusion

To make informed decisions when buying or selling cryptocurrencies, it is important to understand the difference between sat and KB. By understanding the exchange rates between these units, you can accurately calculate commissions and make more informed financial decisions.

Remember, it is always a good idea to check the fee display on both Bitcoin Core and block explorers to ensure accuracy.