Tanaya Macheel (@tanayamacheel) | Published on August 27, 2014 at 00:07 BST
KnCMiner has become the latest bitcoin company to join the ecosystem’s ongoing debate over how bitcoin prices should be displayed.
The Sweden-based bitcoin mining company announced on Twitter today that it will now allow users the option to view bitcoin prices in bits on its KnC Wallet app.
The news plays into a growing debate on how bitcoin’s value should be expressed in order to best appeal to mainstream consumers.
The price of bitcoin has increased tremendously since bitcoin was introduced five years ago, and as such, early adopters of the digital currency have had to express its values in much smaller units – millibits, microbits or satoshis, for example. 1 BTC is the equivalent of 1,000,000 bits.