The Ultimate Guide to Understanding Wei: Meaning, Origin, and Significance
What is Wei? Understanding the Basics of This Cryptocurrency Unit Wei is the smallest denomination of Ether, the cryptocurrency associated with the Ethereum blockchain. In technical terms, one Ether is equivalent to 1,000,000,000,000,000,000 Wei, which means that there are 18 decimal places in Ether. This multi-denominational structure allows for micro-transactions and provides more precise pricing…