In many of the articles that you will see written on this blog, you will find various ways to get small fractions of bitcoin for free.
But you may not yet be familiar with the various units of measurement of this cryptocurrency, such as the satoshi, the smallest and most popular of all.
Ignorance of these concepts inherent to BTC usually leads to a lot of confusion and disappointment (especially when it comes to making profits).
This is why I have decided to create this article and thus have a fixed site where you can refer to people who often ask the same thing over and over again on this topic.
So, I invite you to stay with me for a while and discover not only what a satoshi is, but also the different units of measurement.
Sooner or later, you will come across when going to carry out any type of operation the undisputed queen of all cryptocurrencies.
Origin of Satoshi
As can be clearly deduced by seeing, reading, or hearing his name, a satoshi is a clear tribute to the creator of bitcoin, known by the pseudonym Satoshi Nakamoto.
In the year of its founding (around November 2018), the value of bitcoin was definitively established at a total of 100 million satoshis, Bitcoin Unit of Measure.
Although it is true that there have been occasional attempts by the community to establish a smaller number of decimal places to rename the minimum unit of bitcoin, it has remained unchanged since its inception.
So after so many years, it is almost There is no way this will change in the future.
What is Really a Satoshi?
A satoshi is the smallest unit of measurement of bitcoin, that is, the smallest fraction in which you can divide a BTC.
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Thanks to this unit of measurement, the balances in the bitcoin blockchain can be reflected in up to eight decimal places, which allows great flexibility when it comes to transmitting value in space and time.
Making a simple analogy, we could say that the satoshi is to the bitcoin, what the penny is to the dollar, or the penny to the euro.
For example, one dollar is divisible by a total of 100 cents. The same thing happens with the euro. Its divisibility amounts to 100 cents.
The big difference with bitcoin is that its divisibility is much greater, reaching eight decimal places up to a total of 100,000,000 “cents” or “cents” called satoshis.
In the following table, you can see the main equivalences between a satoshi and a bitcoin.
Other Bitcoin Measurement Units
Although the satoshi is by far the most popular bitcoin measurement unit, keep in mind that it is not the only one, as there are three others. They are the following:
BITs (μBTC): whose value amounts to 100 satoshis.
mBTC (minibitcoin): whose value is equal to 100,000 satoshis or 1,000 μBTC.
cBTC: whose value is equal to 1,000,000 satoshis or 10 mBTC.
Although they are not usually used much, it is always better to know all the units of measurement and their respective equivalences, in order not to have problems with the different operations that you can carry out with bitcoin (investments, payments, collections, rewards, trading, etc.).
Satoshi Allows Low Amount Operations
One of the most typical confusions of any novice who wants to take their first steps in the world of cryptocurrencies is to think that to acquire bitcoin.
It is necessary to buy at least one whole unit, with the enormous outlay that this implies due to its high price. nowadays.
Nothing is further from reality! The great divisibility that this cryptocurrency possesses is thanks to its algorithm and technical configuration.
It allows anyone to buy bitcoin for the amount they want. I will give an example so that you understand it better.
Imagine that you intend to buy your first €10 in bitcoin and, at that moment, the price of the cryptocurrency is located at €25,000.
Well, you simply have to divide the amount of your purchase by the value of BTC to know how many satoshis, Bitcoin Unit of Measure you will receive. Look at the following formula:
- Purchase amount ➗ bitcoin price
In the case of this example, 10/25,000 = 0.0004 bitcoins. Or what are the same, 40,000 satoshis? Therefore, you don’t have to be rich to acquire BTC and explore this ecosystem for yourself.
Anyone can do it from small and affordable amounts for the vast majority of people.
Benefits of Using the Satoshi
Taking into account what we have seen in the previous section, the main benefit of using the satoshi as a unit of measurement is a better understanding of the operations by all users, especially those who are taking their first steps in this market.
After all, we must not forget that most of us are used to using integer values in almost all of our economic operations, so using decimals always results in something more complicated and uncomfortable.
Therefore, it is evident that it is much more practical and easy to say that you want to buy, sell, send or receive 1,000 satoshis, than to carry out the same operation for the value of 0.00001000 BTC. Don’t you think? 😉
Yes, of course, you can. In fact, it is one of the best ways to enter the world of cryptocurrencies.
Whether it is because you have little knowledge, have a certain distrust in digital currencies, or simply do not want to put your money at risk, you always have the option of obtaining satoshis for free.
There are hundreds of pages on the Internet, Bitcoin Unit of Measure that allow this possibility in exchange for performing simple actions such as playing games, viewing ads, completing surveys, downloading applications, etc.
If you don’t want to waste time searching, in this article you will find a list of the best sites today. 😉