Shapeshift Throws Its Support Behind the Bits Standard for Measuring Bitcoin

Bitcoin developer Jimmy Song is on a mission to redefine the default standard for measuring bitcoin. If Song has his way, BTC will be recorded in “bits” by default, with each bit corresponding to one thousandth of a bitcoin. His Bitcoin Improvement Proposal for bits was submitted in December and this week, the plan came a step closer to reality after Shapeshift’s Erik Voorhees threw his weight behind the plan.