A Satoshi is the smallest unit of Bitcoin. It is named after Satoshi Nakamoto, the creator of Bitcoin. A Satoshi is one hundred millionth of a Bitcoin, and it is possible to send a transaction for as little as a fraction of a cent.
Transactions in the Bitcoin network are verified by miners, who use powerful computers to solve complex mathematical problems. In return for their work, miners are rewarded with new Bitcoins.
One Satoshi is worth $0.00007499 as of September 2019. The value of a Satoshi fluctuates along with the price of Bitcoin.
When the price of Bitcoin goes up, so does the value of a Satoshi.Satoshi’s value in dollars is calculated using the following formula: satoshi value = current BTC price in dollars / 100,000,000.
The value of a Satoshi began at less than one cent during Bitcoin’s early days in 2009. Over the years, as the price of Bitcoin has risen, so has the value of a Satoshi.
Today, one Satoshi is worth more than ever before.
When Bitcoin was first created, miners were rewarded with 50 BTC for each block they mined. In 2012, this was halved to 25 BTC per block mined.
The halving will continue every 210,000 blocks until the block reward reaches 0 BTC. This process is known as “halving”, and it serves to keep inflation in check and ensure that new Bitcoins are not created at an unsustainable rate.
As the block reward continues to halve, the value of a Satoshi will increase along with it. This means that even if the price of Bitcoin remains static, each individual Satoshi will be worth more in USD terms. As the halvings occur and we get closer to a 21 million BTC supply, it is likely that the value of a Satoshi will continue to rise as demand for Bitcoin increases relative to its supply.