Bits is a unit of bitcoin equal to one millionth of a bitcoin (0.000001 BTC), or 100 satoshis. It was proposed in 2014, notably in a Bitcoin Improvement Proposal, to make everyday amounts easier to read: a price of 0.00025 BTC becomes 250 bits, much as cents simplify dollars. One bit is the same amount as one microbitcoin, described in microbitcoin (μBTC). Some wallets and payment services, including early versions of BitPay's apps, offered bits as a display option. Adoption was limited, and many users now prefer satoshis, often called "sats", for small amounts. The name can cause confusion with the bit in computing, which is unrelated. Also see Bitcoin (BTC) and 21 Million Bitcoins.