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Open 24h | MX$ |
Low 24h | MX$ |
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Satoshi | Mexican Peso | Bitcoin | Name |
---|---|---|---|
1 Satoshi | 0.02031651 MXN | 0.00000001 | |
10 Satoshi | 0.20316511 MXN | 0.00000010 | |
100 Satoshi | 2.03165114 MXN | 0.00000100 | 1 Bit / μBTC (you-bit) |
1,000 Satoshi | 20.31651145 MXN | 0.00001000 | |
10,000 Satoshi | 203.16511449 MXN | 0.00010000 | |
100,000 Satoshi | 2,031.65114487 MXN | 0.00100000 | 1 mBTC (em-bit) |
1,000,000 Satoshi | 20,316.51144874 MXN | 0.01000000 | 1 cBTC (bitcent) |
10,000,000 Satoshi | 203,165.11448738 MXN | 0.10000000 | |
100,000,000 Satoshi | 2,031,651.14487384 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 0.02031651 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.