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Open 24h | MX$ |
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Satoshi | Mexican Peso | Bitcoin | Name |
---|---|---|---|
1 Satoshi | 0.01831644 MXN | 0.00000001 | |
10 Satoshi | 0.18316437 MXN | 0.00000010 | |
100 Satoshi | 1.83164366 MXN | 0.00000100 | 1 Bit / μBTC (you-bit) |
1,000 Satoshi | 18.31643657 MXN | 0.00001000 | |
10,000 Satoshi | 183.16436570 MXN | 0.00010000 | |
100,000 Satoshi | 1,831.64365695 MXN | 0.00100000 | 1 mBTC (em-bit) |
1,000,000 Satoshi | 18,316.43656950 MXN | 0.01000000 | 1 cBTC (bitcent) |
10,000,000 Satoshi | 183,164.36569502 MXN | 0.10000000 | |
100,000,000 Satoshi | 1,831,643.65695017 MXN | 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 Mexican Peso currency, a Satoshi currently equals 0.01831644 MXN.
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.