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Satoshi | Indian Rupee | Bitcoin | Name |
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1 Satoshi | 0.10154173 INR | 0.00000001 | |
10 Satoshi | 1.01541729 INR | 0.00000010 | |
100 Satoshi | 10.15417294 INR | 0.00000100 | 1 Bit / μBTC (you-bit) |
1,000 Satoshi | 101.54172938 INR | 0.00001000 | |
10,000 Satoshi | 1,015.41729381 INR | 0.00010000 | |
100,000 Satoshi | 10,154.17293807 INR | 0.00100000 | 1 mBTC (em-bit) |
1,000,000 Satoshi | 101,541.72938074 INR | 0.01000000 | 1 cBTC (bitcent) |
10,000,000 Satoshi | 1,015,417.29380741 INR | 0.10000000 | |
100,000,000 Satoshi | 10,154,172.93807411 INR | 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 Indian Rupee currency, a Satoshi currently equals 0.10154173 INR.
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.