Bitcoin
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BTC
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| Satoshi | USD Dollar | Bitcoin | Name |
|---|---|---|---|
| 1 Satoshi | 0.00110431 USD | 0.00000001 | |
| 10 Satoshi | 0.01104305 USD | 0.00000010 | |
| 100 Satoshi | 0.11043052 USD | 0.00000100 | 1 Bit / μBTC (you-bit) |
| 1,000 Satoshi | 1.10430520 USD | 0.00001000 | |
| 10,000 Satoshi | 11.04305203 USD | 0.00010000 | |
| 100,000 Satoshi | 110.43052032 USD | 0.00100000 | 1 mBTC (em-bit) |
| 1,000,000 Satoshi | 1,104.30520321 USD | 0.01000000 | 1 cBTC (bitcent) |
| 10,000,000 Satoshi | 11,043.05203211 USD | 0.10000000 | |
| 100,000,000 Satoshi | 110,430.52032105 USD | 1.00000000 | 1 Bitcoin - BTC |
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 USD Dollar currency, a Satoshi currently equals 0.00110431 USD.
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.
Besides Satoshis, there are other denominations used to describe fractions of Bitcoin. These include:
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.