Following a common although somewhat ambiguous pattern, ether also designates a unit of 1e18 or one quintillion Wei of the currency. Note that the currency is not called Ethereum as many mistakenly think, nor is Ethereum a unit.
Note that the Ethereum platform is special in that the smart contracts enable trustless services that obviate the need for trusted third parties in a currency exchange transaction, ie. EtherEx decentralised exchange. This is here just a dumping ground of links and notes Please move this over in a listing form to ecosystem. The Ethereum Wallet supports sending ether via a graphical interface.
For more information of ether transfer transactions, see Account Types, Gas, and Transactions. Beyond transaction fees, gas is a central part of every network request and requires the sender to pay for the computing resources consumed. The gas cost is dynamically calculated, based on the volume and complexity of the request and multiplied by the current gas price.
Its value as a cryptofuel has the effect of increasing the stability and long-term demand for ether and Ethereum as a whole. For more information, see Account Types, Gas, and Transactions. So instead, we issue ether whose value is supposed to vary, but also implement a Gas Price in terms of Ether. If the price of ether goes up, the Gas Price in terms of ether should go down to keep the real cost of Gas the same.
The principle behind Gas is to have a stable value for how much a transaction or computation costs on the Ethereum network. Ethereum Homestead latest. Docs » Ether Edit on GitHub. Unit Wei Value Wei wei 1 wei 1 Kwei babbage 1e3 wei 1, Mwei lovelace 1e6 wei 1,, Gwei shannon 1e9 wei 1,,, microether szabo 1e12 wei 1,,,, milliether finney 1e15 wei 1,,,,, ether 1e18 wei 1,,,,,, I wrote this a while ago. Sign up to join this community.
The best answers are voted up and rise to the top. Stack Overflow for Teams — Start collaborating and sharing organizational knowledge. Create a free Team Why Teams? Learn more. The Ether denominations are called Finney, Szabo, and Wei. Ask Question. Asked 6 years, 2 months ago. Modified 5 months ago. Viewed 43k times. Improve this question. PrashantNagawade 1 1 gold badge 4 4 silver badges 19 19 bronze badges. Tjaden Hess Tjaden Hess Add a comment. Sorted by: Reset to default.
Highest score default Date modified newest first Date created oldest first. Hal Finney was a cypherpunk activist of note, and the first Bitcoin user after Satoshi Nakamoto. He described his history with Bitcoin in this forum post. From that post: When Satoshi announced the first release of the software, I grabbed it right away.
Nick Szabo is a researcher who came up with bit gold and who developed the idea of smart contracts Wei Dai is a cypherpunk who came up with b-money , a concept which was referenced in section 2 of the Bitcoin paper. Improve this answer. Wim Coenen Wim Coenen 6 6 silver badges 5 5 bronze badges. Please note that Solidity 0. The reason is because "They are rarely used and do not make the actual amount readily visible. Instead, explicit values like 1e20 or the very common gwei can be used.
What about an ada, babbage, shannon, grand, and einstein?
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