Assets, Ethereum

What Is the Unit of Ethereum?

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

Ethereum is a unit of account on the Ethereum blockchain. It is also used to pay for transaction fees and computational services on the network.

Ethereum has a native currency, ether (ETH), which is used to pay for transaction fees and computational services on the network. ETH is also used as a unit of account on the Ethereum blockchain.

The smallest unit of ETH is called a wei. 1 ETH = 10^18 wei.

Ethereum’s native currency, ether, is used to pay for transaction fees and computational services on the network.

The smallest unit of ETH is called a wei.

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