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Satoshi | Russian Ruble | Bitcoin | Name |
---|---|---|---|
1 Satoshi | 0.05894905 RUB | 0.00000001 | |
10 Satoshi | 0.58949047 RUB | 0.00000010 | |
100 Satoshi | 5.89490469 RUB | 0.00000100 | 1 Bit / μBTC (you-bit) |
1,000 Satoshi | 58.94904689 RUB | 0.00001000 | |
10,000 Satoshi | 589.49046890 RUB | 0.00010000 | |
100,000 Satoshi | 5,894.90468897 RUB | 0.00100000 | 1 mBTC (em-bit) |
1,000,000 Satoshi | 58,949.04688968 RUB | 0.01000000 | 1 cBTC (bitcent) |
10,000,000 Satoshi | 589,490.46889675 RUB | 0.10000000 | |
100,000,000 Satoshi | 5,894,904.68896753 RUB | 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 Russian Ruble currency, a Satoshi currently equals 0.05894905 RUB.
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 5.89490469 RUB in Russian Ruble.
- Millibitcoin (mBTC): 1 mBTC is equal to 0.001 Bitcoin, or 100,000 Satoshis, currently equivalent to 5,894.90468897 RUB in Russian Ruble.
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.