|1 Satoshi||=||0.00055992 CAD|
|100 Satoshi||=||0.05599200 CAD|
|1000 Satoshi||=||0.55992000 CAD|
|10000 Satoshi||=||5.59920000 CAD|
|20000 Satoshi||=||11.19840000 CAD|
|50000 Satoshi||=||27.99600000 CAD|
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).
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
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.
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.