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What is the term for the smallest subunit in Ether.

A.

Gas

Answers
A.

Gas

B.

ETH

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B.

ETH

C.

Bitcoin

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C.

Bitcoin

D.

Wie

Answers
D.

Wie

Suggested answer: D

Explanation:

The smallest subunit of Ether is called a Wei. Ether (ETH) is divided into several subunits for precision in transactions, with Wei being the smallest, equivalent to 101810^{-18}1018 Ether.

Key Details:

Subunits of Ether: The Ethereum network uses smaller units to facilitate transactions that require a higher degree of accuracy. The most commonly used subunits are Gwei (billion Wei), but Wei represents the smallest possible division.

Importance in Transactions: Wei ensures that Ether can be broken down into very small units, allowing for microtransactions and precise gas calculations, which are essential in smart contract executions.

Naming Convention: This denomination was named in honor of Wei Dai, a cryptographer who proposed b-money, an early concept of digital currency.

Therefore, D. Wei is the correct answer, as it is the smallest unit of Ether.

asked 24/10/2024
Karsten Heimers
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