3 ms·
Most of the time by using 18 decimals. One "Ether" is 10^18 "wei", the smallest unit of currency. Most cryptotokens built on ethereum also use that many units..
by jatsign 9y ago
Most of the time by using 18 decimals. One "Ether" is 10^18 "wei", the smallest unit of currency. Most cryptotokens built on ethereum also use that many units...but not all.
Bitcoin is, IIRC, 8 units of precision.
- workmandan 9y agoAh that makes sense - if Bitcoin keeps going at its present rate could 8 units of precision simply not be enough? Would a hard-fork be the solution to this?
- jatsign 9y agoIf one bitcoin were worth $100 million, then one "satoshi" (the smallest unit in bitcoin) would be worth a buck. So, 8 units of precision is probably plenty.