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Ether
Ether (also known by its currency code ETH) is the native digital asset of the Ethereum blockchain platform.
Ether is an asset that operates as:
– a monetary vehicle for the transfer of value
– the unit of accountancy for the Ethereum network
– the denominator of network fees
Just as in the case with Bitcoin where 1 Bitcoin consists of 100,000,000 sub-units called satoshis; 1 Ether consist of 1,000,000,000,000,000,000 sub-units called wei.
Wei | 1 wei | 1 | 10-18 ETH |
Kwei | 10³ wei | 1,000 | 10-15 ETH |
Mwei | 106 wei | 1,000,000 | 10-12 ETH |
Gwei | 109 wei | 1,000,000,000 | 10-9 ETH |
Microether | 1012 wei | 1,000,000,000,000 | 10-6 ETH |
Milliether | 1015 wei | 1,000,000,000,000,000 | 10-3 ETH |
Ether | 1018 wei | 1,000,000,000,000,000,000 | 1 ETH |