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In the world of cryptocurrency, how can we express the number 7.36 as a fraction?

avatarSufiyan MuhammadDec 26, 2021 · 3 years ago3 answers

In the world of cryptocurrency, when dealing with numbers like 7.36, how can we represent them as fractions? What are the common methods used in the cryptocurrency industry to express decimal numbers as fractions?

In the world of cryptocurrency, how can we express the number 7.36 as a fraction?

3 answers

  • avatarDec 26, 2021 · 3 years ago
    In the world of cryptocurrency, expressing decimal numbers like 7.36 as fractions is commonly done using the concept of satoshis. Satoshis are the smallest unit of Bitcoin, and 1 Bitcoin is equivalent to 100 million satoshis. To express 7.36 as a fraction, we can convert it to its equivalent value in satoshis. In this case, 7.36 Bitcoin would be equal to 736,000,000 satoshis. This method allows for precise representation of decimal numbers in the cryptocurrency world.
  • avatarDec 26, 2021 · 3 years ago
    When it comes to representing decimal numbers as fractions in the world of cryptocurrency, one common approach is to use stablecoins. Stablecoins are cryptocurrencies that are pegged to a stable asset, such as the US dollar. These stablecoins are often designed to have a 1:1 ratio with the asset they are pegged to. So, to express 7.36 as a fraction using stablecoins, we can use a stablecoin that is pegged to the US dollar. For example, if the stablecoin is valued at $1, then 7.36 would be represented as 7.36 stablecoins.
  • avatarDec 26, 2021 · 3 years ago
    In the world of cryptocurrency, expressing decimal numbers like 7.36 as fractions can be done using smart contracts. Smart contracts are self-executing contracts with the terms of the agreement directly written into lines of code. These contracts can be programmed to automatically convert decimal numbers into fractions based on predefined rules. For example, a smart contract can be written to convert 7.36 into a fraction by dividing it by a predetermined denominator. This method ensures accuracy and transparency in representing decimal numbers in the cryptocurrency industry.