|1 Satoshi||=||0.00010006 USD|
|100 Satoshi||=||0.01000571 USD|
|1000 Satoshi||=||0.10005710 USD|
|10000 Satoshi||=||1.00057100 USD|
|20000 Satoshi||=||2.00114200 USD|
|50000 Satoshi||=||5.00285500 USD|
Satoshi is the smallest unit of Bitcoin. Just like 1 cent is the smallest unit of the dollar or 1 pence is the smallest unit of pound Satoshi represents the smallest denomination of a bitcoin
Satoshi was named after the mysterious inventor of Bitcoin protocol Satoshi Nakamoto.
As in case of Fiat currencies like USD, we have smaller units for e.g for USD smallest unit is sent and 1 cent = 0.01 dollars. Satoshi represents the smallest unit for Bitcoin.
Some of the exchanges along with Bitcoin to USD price also quote prices in USD for Satoshi so if you are looking to invest a small amount Satoshi will be the unit you would like to buy bitcoins as it helps you not worry about long fractions if you are investing small amounts.
At protocol level there are no bitcoins there are only Satoshis, so 2^8 Satoshis aggregate to represent one bitcoin.
1 Satoshi is equal to 0.00000001 Bitcoins, which essentially means every bitcoin can be divided into 10000000 units. So every bitcoin can be divided into fractional units till 8 digits.
So as a quick guide here is a quick checklist on Satoshi to BTC converter
Since bitcoin can be broken down into 8 decimals It provides flexibility for micropayments and can fundamentally transform online peer to peer payment and online commerce. So Satoshi is going to be the currency unit which has the potential to power micropayments across the internet. Think about a use case when you wanted to charge 10 cents for every post you a reader reads on your blog but you could not do it with existing payment providers with Satoshis all such micropayments are possible.
Satoshi as a unit can bring about a revolutionary change in micropayments and help build new kind of business models on the web.