How many Satoshis is in Bitcoin? What is the benefit of it?

[SuperCrypto 7193]

What is satoshi?
Satoshi is the smallest unit of bitcoin, named after “Satoshi Nakamoto”, the creator of Bitcoin.

One bitcoin equals 100 million satoshi

The Satoshi to Bitcoin ratio is 100 million Satoshi to one Bitcoin.

You can find out how much satoshi is worth 1 dollar today from https://www.cryps.info/en/

 

What is Satoshi:
Cryptocurrencies are mostly in digital form. It can be divided into smaller and fewer units.
Just as a pound can be divided into a penny and a dollar into cents. In the case of Bitcoin, the smallest unit available is called Satoshi. Satoshi represents a millionth of Bitcoin.

The Satoshi unit is named after Satoshi Nakamoto, the person or group of unknown people who published a white paper in 2008 that started the development of the cryptocurrency Bitcoin.

 

Satoshi utility
Small denominations make Bitcoin transactions easier to perform transactions and make highly accurate transactions readable.
The general unit structure of bitcoin contains 1 bitcoin (BTC) equivalent to 1,000 milli-bitcoin (mBTC), or 1,000,000 microbitcoin (μBTC), or 100,000,000 satoshis.

While the exact number is unknown, it is estimated that Bitcoin founder Satoshi Nakamoto owns one million bitcoins, the equivalent of 100,000,000,000,000 Satoshi.

 

Although it is not part of a major and direct currency pair, Bitcoins can be converted to and from other currencies.

Bitcoin trading platforms exist in order to allow individuals to conduct transactions.

This includes depositing dollars, pounds sterling, or other supported currencies into an account on a trading platform, where the balance can be used to buy or sell bitcoins and eventually convert them to other currencies.

Just like with the exchange rates between traditional fiat currencies. Bitcoin value fluctuates according to supply and demand.

While individuals may keep a penny or cents in their pockets, physical issues of cryptocurrencies such as Bitcoin have not become mainstream.

This is primarily for practical reasons because the main draw of Bitcoin is that it is digital and difficult to counterfeit.

A lack of physical presence means that Bitcoins are more secure, even before blockchain technology is taken into account.

[hani20980 2706]

That's a full and clear explanation for BTC and satoshis this smallest units of bitcoin has many

benifits especially when the price rise maybe someday just 1 unit or 1 sat will be equal to 1$

[Jermany 612]

Bitcoin is divisible to the eighth decimal place, a satoshi is the minimum unit into which bitcoin can be divided, the satoshi came with the intention of making daily operations easier for users and those starting out in the crypto market.

[Mubiflow 1771]

4 hours ago, hani20980 said:

That's a full and clear explanation for BTC and satoshis this smallest units of bitcoin has many

benifits especially when the price rise maybe someday just 1 unit or 1 sat will be equal to 1$

@hani20980 yes like we just had the same thought I think it's unwise for people to think statoshi is worthless I think if the cryptocurrency have a stability its the statoshi that creat that stability and very sure very soon the value will increase and stay up there with every other valuable cryptocurrency @Husnyjaf

[Mcd0d0 5882]

4 hours ago, Amelia23 said:

100million sats is equivalent to 1 bitcoin. The prices of bitcoin keeps rising everyday this means that each sats has a higher price as time goes on. Bitcoin is becoming more popular and the prices keeps rising making more money for the holders of the coin

Well, that's true mate, we're now seeing the bullish of price of bitcoin and we need to buy some of it so that we can get some extra money for it, many predictions that the price of it will reach the $20000 and i think it will happen in this month.

[Muhammad Adnan01283 523]

15 hours ago, SuperCrypto said:

What is satoshi?
Satoshi is the smallest unit of bitcoin, named after “Satoshi Nakamoto”, the creator of Bitcoin.

One bitcoin equals 100 million satoshi

The Satoshi to Bitcoin ratio is 100 million Satoshi to one Bitcoin.

You can find out how much satoshi is worth 1 dollar today from https://www.cryps.info/en/

 

What is Satoshi:
Cryptocurrencies are mostly in digital form. It can be divided into smaller and fewer units.
Just as a pound can be divided into a penny and a dollar into cents. In the case of Bitcoin, the smallest unit available is called Satoshi. Satoshi represents a millionth of Bitcoin.

The Satoshi unit is named after Satoshi Nakamoto, the person or group of unknown people who published a white paper in 2008 that started the development of the cryptocurrency Bitcoin.

 

Satoshi utility
Small denominations make Bitcoin transactions easier to perform transactions and make highly accurate transactions readable.
The general unit structure of bitcoin contains 1 bitcoin (BTC) equivalent to 1,000 milli-bitcoin (mBTC), or 1,000,000 microbitcoin (μBTC), or 100,000,000 satoshis.

While the exact number is unknown, it is estimated that Bitcoin founder Satoshi Nakamoto owns one million bitcoins, the equivalent of 100,000,000,000,000 Satoshi.

 

 

Although it is not part of a major and direct currency pair, Bitcoins can be converted to and from other currencies.

Bitcoin trading platforms exist in order to allow individuals to conduct transactions.

This includes depositing dollars, pounds sterling, or other supported currencies into an account on a trading platform, where the balance can be used to buy or sell bitcoins and eventually convert them to other currencies.

Just like with the exchange rates between traditional fiat currencies. Bitcoin value fluctuates according to supply and demand.

While individuals may keep a penny or cents in their pockets, physical issues of cryptocurrencies such as Bitcoin have not become mainstream.

This is primarily for practical reasons because the main draw of Bitcoin is that it is digital and difficult to counterfeit.

A lack of physical presence means that Bitcoins are more secure, even before blockchain technology is taken into account.

A very useful article! Thanks for posting this as you gave information about satoshis which is very important for us as we are earning satoshis on this forum.

After reading your post I am able to know that how much I can earn per day in dollars.

[SuperCrypto 7193]

On 12/1/2020 at 2:20 AM, Jermany said:

Bitcoin is divisible to the eighth decimal place, a satoshi is the minimum unit into which bitcoin can be divided, the satoshi came with the intention of making daily operations easier for users and those starting out in the crypto market.

The most fundamental aspect that makes Bitcoin so valuable and increases its price is Satoshi, which expresses the smallest denomination in Bitcoin. Satoshi Nakamoto himself identified the Satoshi unit when he split Bitcoin into 100 million parts, regardless of the bitcoin price, and so it would still be used as a medium of exchange more easily than Bitcoin as one large piece.

[Froshk 1828]

The mathematics behind bitcoin is a very tricky one, sometimes you just need a hundred million satoshi per 1btc but other times it might even 

On 11/30/2020 at 9:43 PM, Amelia23 said:

100million sats is equivalent to 1 bitcoin. The prices of bitcoin keeps rising everyday this means that each sats has a higher price as time goes on. Bitcoin is becoming more popular and the prices keeps rising making more money for the holders of the coin

That's just the basic calculations💸

[Dormilon 2183]

On 11/30/2020 at 6:42 AM, SuperCrypto said:

Although it is not part of a major and direct currency pair, Bitcoins can be converted to and from other currencies.

Bitcoin trading platforms exist in order to allow individuals to conduct transactions.

This includes depositing dollars, pounds sterling, or other supported currencies into an account on a trading platform, where the balance can be used to buy or sell bitcoins and eventually convert them to other currencies.

@SuperCrypto Very good publication, thanks for sharing it with us, for your writing I imagine that you are from the United Kingdom, the fraction of BTC allows the exchange of the altcoins with less value for that currency, because otherwise it would be impossible to change unless you have 1 Bitcoin That is why fractions exist in the financial system, in order to make changes in any area and that retail can exist, BTC was designed for everything that involves the financial world, that is why I am convinced that Satoshi Nakamoto is not just a person, but a conglomerate of people where they are programmers and economists, greetings.

[Syedbesharat 5423]

The BTC is design for future adoption actions where BTC use as payments and can be divided farther  in to small units the price will be higher and the smallest  units have the high price can be stand against bills so this shows how foresight Satoshi was and concerned the BTC future will be. Their for the further breaking will be expected may be we see this at $100k or 1 million. 

[mahdititus16 216]

i think that is easy question but i can answer to your question just read my comment 

Bitcoin is divisible to the eighth decimal place, a satoshi is the minimum unit into which bitcoin can be divided, the satoshi came with the intention of making daily operations easier for users and those starting out in the crypto market.

so that all my information about your question , i hope the better for us brother .

[Abdulrahman3 1252]

Are you thinking of making your own coin and calling the small part of it your name? Is this available? How likely is this to happen and how much does this issue cost?

[mzk7736 1592]

The price of Bitcoin is very high and it is almost impossible for beginners like us to purchase BTC. So to facilitate small traders bitcoin has been divided into 100,000,000 small parts called satoshis.

[Khan 1414]

On 12/6/2020 at 7:26 PM, mzk7736 said:

The price of Bitcoin is very high and it is almost impossible for beginners like us to purchase BTC. So to facilitate small traders bitcoin has been divided into 100,000,000 small parts called satoshis.

Right as the price of the Bitcoin is increasing day by day and the investors are now in a very difficult situation, if they invest now then there should be 50% chance of the price increase.

[RonaldB 48]

Great information, thanks for sharing. There are many members of this forum who do not know Satoshi, where this name came from and what its value is.

[Zafar123 906]

Each bitcoin is equal to 100 million Satoshis, making a Satoshi the smallest unit of bitcoin currently recorded on the blockchain. Think of the Satoshi as the “cents” part of bitcoin.

...  

Currently, 1 USD equals to 9,110 satoshis. This value changes frequently. Why Satoshi is important for Bitcoin holders? You must understand how this Bitcoin unit works if you want to make transactions in cryptocurrency.

[cryptovlek 2597]

On 11/30/2020 at 12:42 PM, SuperCrypto said:

A lack of physical presence means that Bitcoins are more secure, even before blockchain technology is taken into account.

Nice post overall but I disagree with this sentence that is given as a fact. The digital presence of Bitcoin alone is not making it more secure from fiat or any other currency. Bitcoin has the most secure ledger, the Bitcoin blockchain because it is based on decentralized mining and consensus on decision making process. This is rare to find even in any other cryptocurrency with Ethereum perhaps being second and the rest far behind.

[yenniferamos14lsv 45]

Most of the people who handle bitcoin, actually handle their fraction, satoshis, and it is quite beneficial for us that the btc has those fractions to improve transactions, easier to carry out, and more exact, in addition to the language it is also better say "I have 1000 satoshis" to say "I have 0.00001000 btc", great idea from Nakamoto, thanks for the virtual password so that we can understand what "Satoshi" means, by chance my sister today told me that she did not know what that meant, I will show you this post.

[percare 3192]

The division of Bitcoin in the code was important and Satoshi new from the beginning that Bitcoin as a sole unit would gain value later, so he had the smaller denominations from the start in the code. It is difficult though as there are many zeroes and make most people wonder and many times us too if we counted correctly. The satoshi term is better and there was some talk about not using satoshi but using bits instead although I disagree as changing now would create more confusion.

[Quickbee 26]

Thank you for the informative post. The division of Bitcoin into Satoshis is the next best thing after the discovery of Bitcoin. This helps most traders and investors to calculate their total wealthy or investment value.

[zhoutong 2188]

There are even smaller units,  satoshi can be the smallest in the blockchain but there can be any even 100 billion smaller units. The satoshi is what we have today as it covers us for most prices of Bitcoin. If in any case this becomes more higher in price and reaches a million there will be more.

[bogdanoff 3173]

100,000,000 million satoshi should be our target whatsoever. It doesn't matter if prices are rising and what we can earn today is less in satoshi's from previously. We should carry on staking sats and make as much as possible. I have made a plan for this and I will make a post to help every newbie understand what should be doing.

[Ahmad ah 1212]

Bitcoin is divided into 100,000 satoshi to facilitate payments, interest calculation and withdrawal commission.
Satoshi is named after the founder of Bitcoin, Satoshi Nakamoto.
The splitting process is very important to make it easier to deal with Bitcoin.

[Sykkuno 2887]

It is good description but no need to have the satoshi Bitcoin made into sats, after reaching a higher number of Bitcoin we don't use satoshi, for example we don't say a million satoshi, just use 0.001BTC instead, the same with talking about Bitcoin, we say 100BTC not 100,000,000,000 satoshi.

[annayks 2314]

We have learned to count our satoshi recently as with price going higher maybe even one can become one cent, so we maybe should have everything into bitcoin as the altcoins when trading in btc they are in red for weeks. Bitcoin is having this satoshi units for reasons of trading with smaller amounts and used to send microtransactions. This was the thought when price was very low early on, then it started rising and 1 satoshi now is vaulable.