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Satoshi | Russian Ruble | Bitcoin | Name |
---|---|---|---|
1 Satoshi | 0.06447156 RUB | 0.00000001 | |
10 Satoshi | 0.64471558 RUB | 0.00000010 | |
100 Satoshi | 6.44715584 RUB | 0.00000100 | 1 Bit / μBTC (you-bit) |
1,000 Satoshi | 64.47155843 RUB | 0.00001000 | |
10,000 Satoshi | 644.71558431 RUB | 0.00010000 | |
100,000 Satoshi | 6,447.15584311 RUB | 0.00100000 | 1 mBTC (em-bit) |
1,000,000 Satoshi | 64,471.55843107 RUB | 0.01000000 | 1 cBTC (bitcent) |
10,000,000 Satoshi | 644,715.58431066 RUB | 0.10000000 | |
100,000,000 Satoshi | 6,447,155.84310658 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 0.06447156 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 6.44715584 RUB in Russian Ruble.
- Millibitcoin (mBTC): 1 mBTC is equal to 0.001 Bitcoin, or 100,000 Satoshis, currently equivalent to 6,447.15584311 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.