Wei is the smallest unit of the Ethereum cryptocurrency. One wei is one-quintillionth of an ETH, or 0.

000000000000000001 ETH. The wei unit was named after Wei Dai, the creator of b-money, an early cryptocurrency proposal that laid the foundation for many subsequent projects, including Ethereum.

While ETH is divisible to 18 decimal places, the vast majority of transactions are denominated in whole units of wei. For example, when someone sends 1 ETH to another person, they are actually sending 1,000,000,000,000,000,000 wei (1 quintillion wei).

This may seem like a lot of zeros, but it’s important to remember that each wei represents a very small amount of value.

The name “wei” was chosen because it is the smallest denomination of the Chinese yuan (Renminbi), which is also sometimes referred to as the “yuan” or “kuai”. The Chinese word “wei” 微 means “tiny” or “micro”.

While Wei may be a small unit of measurement, it’s an important part of Ethereum and other cryptocurrencies. Without Wei, it would be difficult to send and receive very small amounts of ETH or other crypto assets.

Thanks to Wei, even the tiniest fractions of a token can be transferred with ease.

What is Phantasma?
Phantasma is a blockchain platform that provides scalability, privacy, and security features. It is designed to be compatible with Ethereum smart contracts and allows for the creation of decentralized applications (dapps).

What are the features of Phantasma?
Phantasma has several features that make it unique among blockchain platforms:

Scalability: Phantasma is designed to be scalable, so that it can handle more transactions per second than other platforms.
Privacy: Phantasma uses a unique “off-chain” storage system that allows for greater privacy than other blockchain platforms.

Security: Phantasma includes a number of security features, such as “smart contracts” that can help to protect users’ data.

What are the benefits of using Phantasma?
The benefits of using Phantasma include:

Scalability: Because Phantasma is designed to be scalable, it can handle more transactions per second than other platforms. This makes it ideal for applications that require high throughput, such as payments or trading.
Privacy: The unique “off-chain” storage system used by Phantasma provides greater privacy than other blockchain platforms.

This means that users’ data is less likely to be compromised by hackers or other malicious actors.
Security: The security features included in Phantasma, such as smart contracts, help to protect users’ data and reduce the risk of fraud or theft.

When it comes to mining Ethereum, the biggest question on people’s minds is whether or not it’s still profitable. The answer, unfortunately, isn’t as straightforward as many would like it to be.

There are a number of factors that go into whether or not mining Ethereum is still a good idea, including the price of ETH, the cost of electricity, and the amount of ETH that can be mined per day.

The Price of ETH

The price of ETH has been on a roller coaster ride over the past year. It reached an all-time high in January 2018, only to crash down to around $100 by December 2018.

As of June 2019, the price has rebounded and is now hovering around $300.

The cost of electricity

The cost of electricity is one of the biggest factors in whether or not mining Ethereum is still profitable. In some parts of the world, electricity costs are very low.

For example, in China, where a large portion of Ethereum’s hashing power comes from, electricity costs around $0.03 per kWh.

In other parts of the world, however, electricity costs can be much higher. For example, in the United States, electricity costs around $0.

12 per kWh. This means that if you’re mining Ethereum in the US, you’re paying four times as much for electricity as someone who is mining in China.

The amount of ETH that can be mined per day

Another important factor in whether or not mining Ethereum is still profitable is the amount of ETH that can be mined per day. This number has been slowly going down over time as more and more ETH has been mined and added to the total supply.

As of June 2019, the amount of ETH that can be mined per day is around 18,000 ETH. This number will continue to go down over time as more ETH is mined and added to the total supply.

Conclusion: Is it still profitable to mine Ethereum?

It depends on a number of factors including the price of ETH, the cost of electricity, and the amount of ETH that can be mined per day. In general, however, it seems that mining Ethereum is still a profitable endeavor for those who have access to cheap electricity and are willing to hold onto their ETH for the long term.

Flexa is a decentralized network that enables businesses to seamlessly and securely accept digital currencies as payment. Flexa is built on the Ethereum blockchain and utilizes smart contracts to facilitate transactions.

Flexa’s decentralized nature allows it to offer a number of advantages over traditional payment networks. For one, Flexa is much more secure than traditional payment networks.

Because Flexa is built on the Ethereum blockchain, it benefits from all of the security features that come with that platform. Additionally, Flexa’s use of smart contracts means that all transactions are transparent and verifiable.

Another advantage of Flexa is that it significantly reduces transaction costs. Because there is no need for a third party to process payments, Flexa can reduce or eliminate fees associated with traditional payment methods.

This makes Flexa an attractive option for businesses looking to save on costs.

Finally, Flexa offers businesses a way to reach a global market. Because it is built on the Ethereum blockchain, Flexa can be used by anyone with an internet connection.

This gives businesses the ability to reach customers anywhere in the world, without having to worry about currency conversion or other barriers.

Overall, Flexa provides a number of advantages over traditional payment networks. Its security, transparency, low costs, and global reach make it an attractive option for businesses looking for an alternative to traditional payment methods.

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference.

Ether, the native cryptocurrency of the Ethereum network, is used to pay for transaction fees and computational services on the Ethereum network.

So, is Ethereum real money? In a sense, yes. Ether is used to pay for transactions on the Ethereum network, so it can be considered a form of currency.

However, it is important to note that Ethereum is much more than just a digital currency.

Ethereum is a decentralized platform that enables developers to build decentralized applications (dapps). Dapps are powered by smart contracts, which are pieces of code that run exactly as programmed and cannot be manipulated or censored.

The Ethereum network is also home to a vibrant ecosystem of developers and entrepreneurs working on a variety of projects.

So, while Ether is certainly a form of money, it is just one aspect of the Ethereum network. Ethereum is much more than just a digital currency; it is a platform for building decentralised applications that have the potential to transform the way we interact with the internet.