Open 24h | R |
Low 24h | R |
High 24h | R |
Last Trade |
BTC
|
Authentication Required
Please log in to your account to explore all IPv4 and IPv6 directories without limitations and gain complete access to our data.
Satoshi | South African Rand | Bitcoin | Name |
---|---|---|---|
1 Satoshi | 0.01083930 ZAR | 0.00000001 | |
10 Satoshi | 0.10839305 ZAR | 0.00000010 | |
100 Satoshi | 1.08393046 ZAR | 0.00000100 | 1 Bit / μBTC (you-bit) |
1,000 Satoshi | 10.83930457 ZAR | 0.00001000 | |
10,000 Satoshi | 108.39304566 ZAR | 0.00010000 | |
100,000 Satoshi | 1,083.93045664 ZAR | 0.00100000 | 1 mBTC (em-bit) |
1,000,000 Satoshi | 10,839.30456643 ZAR | 0.01000000 | 1 cBTC (bitcent) |
10,000,000 Satoshi | 108,393.04566432 ZAR | 0.10000000 | |
100,000,000 Satoshi | 1,083,930.45664321 ZAR | 1.00000000 | 1 Bitcoin - BTC |
What is a Satoshi?
A Satoshi is the smallest unit of a Bitcoin, the most well-known and widely used cryptocurrency. It is named after the pseudonym of the Bitcoin's creator, Satoshi Nakamoto. Each Bitcoin is divisible to the eighth decimal number, meaning it can be divided into 100,000,000 Satoshis (one hundred million), which means that one Satoshi is equal to 0.00000001 Bitcoin.
In South African Rand currency, a Satoshi currently equals 0.01083930 ZAR.
Use of Satoshis:
The small denomination of Satoshis allows for various forms of usage. The utilization of Satoshis is ideal for microtransactions, that is, transactions that involve small amounts of money, such as tips for content creators, payments for low-cost content, or transactions within blockchain-based applications.
In addition, the use of Satoshis can make Bitcoin transactions more comprehensible and easily readable, as instead of dealing with multiple decimals of a Bitcoin for small transactions, users can work with whole numbers of Satoshis.
Other Denominations of Bitcoin fractions:
Besides Satoshis, there are other denominations used to describe fractions of Bitcoin. These include:
- Microbitcoin (µBTC): 1 µBTC is equal to 0.000001 Bitcoin, or 100 Satoshis, currently equivalent to 1.08393046 ZAR in South African Rand.
- Millibitcoin (mBTC): 1 mBTC is equal to 0.001 Bitcoin, or 100,000 Satoshis, currently equivalent to 1,083.93045664 ZAR in South African Rand.
These larger denominations are also used in certain contexts, especially when transactions involve larger amounts of Bitcoin than just a few Satoshis but still less than a full Bitcoin.
The Satoshi, the smallest denomination of Bitcoin, plays a vital role in the economy of cryptocurrencies. It facilitates microtransactions and makes Bitcoin transactions more manageable and comprehensible. Along with other denominations like the microbitcoin and the millibitcoin, the concept of Satoshi denomination helps Bitcoin users in their everyday use more effectively.