Cryptocurrency Q&A
What is Wei used for?
What is Wei used for?
Federico
Sat Jan 04 2025
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5 answers
1058
I want to know the purpose of Wei. What does it serve? Is it a currency, a unit of measurement, or something else entirely? I'm curious about its practical applications.
5 answers
KpopHarmonySoul
Mon Jan 06 2025
Wei serves as a representation for minute fractions of ether.
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CryptoKnight
Mon Jan 06 2025
It is particularly suited for transactions involving extremely low values.
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Riccardo
Sun Jan 05 2025
The name Wei originates from Wei Dai, a prominent cryptographer.
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Giulia
Sun Jan 05 2025
Dai is renowned for his significant contributions to the idea of digital currency.
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CherryBlossomPetal
Sun Jan 05 2025
The necessity for a unit as small as Wei stems from the fundamental characteristics of blockchain technology.
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