transaction charges – What is the distinction between sats/byte and BTC/kB?

Sats/byte means satoshis per byte and it was the canonical unit for writing transaction charges for a very long time. When Segwit was deployed, its transactions used a brand new payment referred to as sats/vbyte. This reply explains the right way to convert between bytes and vbytes.

Bitcoin Core makes use of BTC/kB, additionally referred to as bitcoins per kilobyte, as a unit in some locations. Nevertheless, some parameters similar to minrelaytxfee internally retailer the payment in sats/kB. To get the sats/kB payment charge, you possibly can simply divide the sats/byte worth by 1000. One Kilobyte has 1000 bytes (there are different items that measure bytes in powers of 1024, however they aren’t utilized by Bitcoin purchasers).

Equally, the above process can be utilized to transform sats/vbyte, often known as sats per digital byte, to sats/vkB – sats per digital kilobyte.

With the intention to get the speed in BTC/kB (BTC per kilobyte) from sats/byte, you might want to divide the sats/byte worth by 100000 (100 thousand), as a result of one sat/byte is the same as 0.00001 BTC/kB based on this reddit publish.