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OneBit (1BIT) converter and calculator

OneBit (1BIT) converter and calculator

Convert 1OneBit (1BIT) to United States Dollar (USD) equals $0 | Bitget
1BIT
1BIT
USD
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides 1BIT to USD real-time exchange rates, making it easy to convert OneBit (1BIT) to United States Dollar (USD). The conversion result is based on real-time data. The conversion result shows that 1 1BIT is currently valued at 0 USD. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 1BIT is currently valued at 0 USD, which means buying 5 1BIT would cost 0 USD. Similarly, $1 USD can be converted to Infinity 1BIT, and $50 USD can be converted to Infinity 1BIT, excluding any platform or gas fees.

About OneBit (1BIT)

The Emergence of Cryptocurrencies: A Historical Perspective

The idea encapsulating cryptocurrencies is not a mere financial phenomenon. It is a historical revolution constituting a substantial paradigm shift in the world's perception of economic systems and currencies. Pulled from the pages of science fiction novels into reality, cryptocurrencies have dramatically transformed the traditional financial landscape by providing an arena in which digital "money" can be created, owned, and transferred independently of any central authority.

Historical Significance

The conceptual birth of digital currency came in 1983 when cryptographer David Chaum introduced DigiCash. In 1995, Chaum set up the first digital cash company, which ultimately went bankrupt in 1998, primarily because it was ahead of its time. After several prototype currencies such as b-Money and Bit Gold, Bitcoin came to the fore in 2009 as the first decentralized cryptocurrency.

The inception of Bitcoin heralded a significant milestone in fiscal history - it challenged the traditional 'trusted third party' approach embodied by banks and financial institutions. Implemented under a pseudonym, Satoshi Nakamoto, Bitcoin was based on blockchain">blockchain technology, which facilitated secure recording of transactions without the need for an intermediary.

Bitcoin’s subsequent surge into the mainstream prompted a wave of digital currencies: Ethereum, Litecoin, Ripple, among others. In the past decade, cryptocurrencies' reputation has oscillated between being an economic gamechanger and a speculative bubble. However, the reality is that they have irrefutably altered our understanding of what currencies are and the mechanics of their creation and distribution.

Key Features of Cryptocurrencies

Indeed, the innovative aspects, as well as the functionalities that cryptocurrencies bring to our economic table, can't be undermined. Their key features can be summarized as follows:

  1. Decentralization: Unlike conventional currencies controlled by central banks, cryptocurrencies are decentralized - they're controlled by algorithms and their respective users.

  2. Blockchain Technology: Behind most cryptocurrencies is blockchain technology, a distributed ledger enforces transparent transactions. It is noteworthy that the use of this technology is not only restricted to cryptocurrencies but extends to many other sectors.

  3. Anonymity and Privacy: Transactions made with cryptocurrencies can offer more privacy than traditional forms of money, as it is possible to send and receive them without giving personal details.

  4. Supply Control: Each cryptocurrency follows a set of pre-defined rules that specify its supply trajectory. For instance, Bitcoin's supply is limited to 21 million coins.

  5. Security: Cryptocurrencies are cryptographically secure - they utilize principles of cryptography to implement secure transactions, to control the creation of new currencies and to verify the transfer of assets.

In Conclusion

During their relatively short existence, cryptocurrencies have proved to be an exciting development in many fields due to their underlying blockchain technology. Although their future is still subject of many debates, cryptocurrencies are likely to continue playing a significant role in the economic and technological landscape. As for individuals and organizations, the tide of opportunity that cryptocurrencies bring is enormous – from bringing financial services to unbanked populations to facilitating cheaper and faster payments, from streamlining supply chains to authenticating the origin of products.

In essence, the evolution of cryptocurrencies represents more than a mere technological trend. It symbolizes the craving for an alternative economic structure that prizes decentralization, transparency, freedom, and efficiency.

OneBit to USD conversion rate trend

The price of OneBit has not been updated or has stopped updating. Information on this page is for reference only.

Start by learning the basics of OneBit: What is OneBit and how does OneBit work?

You can also check other cryptocurrency converters, such as BTC to USD and ETH to USD.

Bitcoin conversion tables

BTC to USD

Amount
27/04/2025 09:17 today
0.5 BTC
$47,217.89
1 BTC
$94,435.78
5 BTC
$472,178.9
10 BTC
$944,357.8
50 BTC
$4,721,789
100 BTC
$9,443,578
500 BTC
$47,217,890
1000 BTC
$94,435,780

USD to BTC

Amount27/04/2025 09:17 today
0.5USD0.{5}5295  BTC
1USD0.{4}1059  BTC
5USD0.{4}5295  BTC
10USD0.0001059  BTC
50USD0.0005295  BTC
100USD0.001059  BTC
500USD0.005295  BTC
1000USD0.01059  BTC

Ethereum conversion tables

ETH to USD

Amount
27/04/2025 09:17 today
0.5 ETH
$903.62
1 ETH
$1,807.24
5 ETH
$9,036.18
10 ETH
$18,072.36
50 ETH
$90,361.82
100 ETH
$180,723.65
500 ETH
$903,618.25
1000 ETH
$1,807,236.5

USD to ETH

Amount27/04/2025 09:17 today
0.5USD0.0002767  ETH
1USD0.0005533  ETH
5USD0.002767  ETH
10USD0.005533  ETH
50USD0.02767  ETH
100USD0.05533  ETH
500USD0.2767  ETH
1000USD0.5533  ETH
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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.