One Bitcoin is divisible down to eight decimal places, so each whole Bitcoin can be split into 100,000,000 pieces. Each of these pieces is called a “satoshi”, and is the smallest unit of Bitcoin.
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Bitcoin units & denominations | BItcoin.com Glossary
Bitcoin units & denominations | BItcoin.com glossary
Learn about Bitcoin units & denominations. Glossary of terms used in Bitcoin. Additional information about addresses, transactions, blocks & more…
How many satoshis are in one bitcoin?
As of October 2020, there are approximately 18,375,000 satoshis in one bitcoin.
As of right now, there are a total of 21,000,000 Bitcoin that can be mined. This number will continue to decrease as time goes on, as the protocol stipulates that there can only ever be 21 million Bitcoin in existence. However, it’s important to remember that not all of these 21 million Bitcoin are currently circulating. In fact, it’s estimated that close to 4 million of them have been permanently lost due to things like people losing their private keys or hard drives containing wallets being lost or thrown away. That leaves a total of around 17 million Bitcoin that are currently in circulation.
So, each Bitcoin is divisible into 100,000,000 units called satoshis. So far, no one has come up with a use case for a smaller unit than a satoshi but who knows what the future will hold? At the moment, there seems to be very little reason to own less than 1 whole Bitcoin since transaction fees are so low and it would take an extremely long time to send such a small amount of BTC. However, as the price of Bitcoin continues to rise and we start seeing more everyday people using cryptocurrency, it is likely that we will start seeing more instances of people using satoshis as opposed to whole Bitcoins.