How to calculate wei in the context of cryptocurrency?
Sonu SedhaiDec 26, 2021 · 3 years ago3 answers
Can you explain how to calculate wei in the context of cryptocurrency? I'm new to the world of digital currencies and I'm trying to understand the basics. What is wei and how is it calculated?
3 answers
- Dec 26, 2021 · 3 years agoWei is the smallest unit of Ether, the cryptocurrency used on the Ethereum blockchain. It is named after Wei Dai, a computer scientist and cryptography enthusiast. To calculate wei, you need to understand that 1 Ether is equal to 10^18 wei. So, if you have 0.5 Ether, you would multiply it by 10^18 to get the equivalent in wei. In this case, it would be 5 x 10^17 wei. Remember, wei is used for very small transactions and is not commonly used in everyday transactions.
- Dec 26, 2021 · 3 years agoCalculating wei is quite simple. You just need to multiply the amount of Ether you have by 10^18. For example, if you have 0.25 Ether, you would multiply it by 10^18 to get the equivalent in wei, which is 2.5 x 10^17 wei. It's important to note that wei is the smallest unit of Ether and is mainly used for technical purposes within the Ethereum network.
- Dec 26, 2021 · 3 years agoWei is the smallest unit of Ether, the cryptocurrency used on the Ethereum blockchain. It is equivalent to 1 quintillionth of an Ether. To calculate wei, you need to multiply the amount of Ether by 10^18. For example, if you have 0.1 Ether, you would multiply it by 10^18 to get the equivalent in wei, which is 1 x 10^17 wei. This calculation is important when dealing with smart contracts and other technical aspects of the Ethereum network.
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