Get Latest Satoshi Price in CAD

Satoshi to CAD Converter

1 Satoshi=0.00080120 CAD
100 Satoshi=0.08011979 CAD
1000 Satoshi=0.80119790 CAD
10000 Satoshi=8.01197900 CAD
20000 Satoshi=16.02395800 CAD
50000 Satoshi=40.05989500 CAD
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Satoshi to CAD

Satoshi Definition

Satoshi represents the smallest unit of Bitcoin and was named after its mysterious inventor Satoshi Nakamoto. You might be aware of the term “Bitcoin” by now. Bitcoin is a digital currency or you may call it a form of electronic or virtual money. A decentralized currency that can be transacted on a peer-to-peer blockchain network thereby eliminating the need of middlemen or a central authority. Just like we have smaller units of Canadian Dollars like nickel or 5 cents (earlier penny or 1 cent). Similarly, Satoshi is the smallest monetary unit of Bitcoin. Now, if you are in Canada, and interested in purchasing Satoshi, you can do so through an online cryptocurrency trading platform. You also have the options to buy it through peer-to-peer (P2P) or Over-The-Counter (OTC).

How many Satoshis in Bitcoin

1 bitcoin = 10000000 Satoshis or

1 Bitcoin = 10^7 Satoshis that is 1 followed by 7 zeroes or

As per Decimal system:

1 Bitcoin = 100 Million Satoshis

Satoshi and Bitcoin Protocol

Talking of protocol level, Satoshi Nakamoto decided to restrict the bitcoin supply limit to 21 million bitcoins.

Satoshi is referred to as the base unit of Bitcoin protocol and can’t be changed.

Practical Significance of Satoshi

Although a speculative investment, Bitcoin has gained the largest market capitalizations among other cryptocurrencies. It is a highly liquid asset, so you can buy and sell it easily.

Satoshi being a tiny part of the digital asset can be used to make payments as low as 0.00000001 Bitcoin. This adds greater flexibility in comparison to fiat currencies.