1 Satoshi = 0.00194822 CNY
1 Bitcoin = 194,822.08 CNY
|1 Satoshi||0.00194822 CNY||0.00000001|
|10 Satoshi||0.01948221 CNY||0.00000010|
|100 Satoshi||0.19482208 CNY||0.00000100||1 Bit / μBTC (you-bit)|
|1,000 Satoshi||1.94822080 CNY||0.00001000|
|10,000 Satoshi||19.48220801 CNY||0.00010000|
|100,000 Satoshi||194.82208015 CNY||0.00100000||1 mBTC (em-bit)|
|1,000,000 Satoshi||1,948.22080149 CNY||0.01000000||1 cBTC (bitcent)|
|10,000,000 Satoshi||19,482.20801494 CNY||0.10000000|
|100,000,000 Satoshi||194,822.08014939 CNY||1.00000000||1 Bitcoin - BTC|
What is a Satoshi?
A Satoshi is the smallest unit of a Bitcoin, the most well-known and widely used cryptocurrency. It is named after the pseudonym of the Bitcoin's creator, Satoshi Nakamoto. Each Bitcoin is divisible to the eighth decimal number, meaning it can be divided into 100,000,000 Satoshis (one hundred million), which means that one Satoshi is equal to 0.00000001 Bitcoin.
In Chinese Yuan currency, a Satoshi currently equals 0.00194822 CNY.
Use of Satoshis:
The small denomination of Satoshis allows for various forms of usage. The utilization of Satoshis is ideal for microtransactions, that is, transactions that involve small amounts of money, such as tips for content creators, payments for low-cost content, or transactions within blockchain-based applications.
In addition, the use of Satoshis can make Bitcoin transactions more comprehensible and easily readable, as instead of dealing with multiple decimals of a Bitcoin for small transactions, users can work with whole numbers of Satoshis.
Other Denominations of Bitcoin fractions:
Besides Satoshis, there are other denominations used to describe fractions of Bitcoin. These include:
- Microbitcoin (µBTC): 1 µBTC is equal to 0.000001 Bitcoin, or 100 Satoshis, currently equivalent to 0.19482208 CNY in Chinese Yuan.
- Millibitcoin (mBTC): 1 mBTC is equal to 0.001 Bitcoin, or 100,000 Satoshis, currently equivalent to 194.82208015 CNY in Chinese Yuan.
These larger denominations are also used in certain contexts, especially when transactions involve larger amounts of Bitcoin than just a few Satoshis but still less than a full Bitcoin.
The Satoshi, the smallest denomination of Bitcoin, plays a vital role in the economy of cryptocurrencies. It facilitates microtransactions and makes Bitcoin transactions more manageable and comprehensible. Along with other denominations like the microbitcoin and the millibitcoin, the concept of Satoshi denomination helps Bitcoin users in their everyday use more effectively.