Overview
Wei is the base unit of Ether, named after Wei Dai, a pioneer in the field of cryptography and the creator of 'b-money.' It is used for the most precise calculations within the Ethereum Virtual Machine (EVM).
Conversion
- 1 ETH = 1,000,000,000,000,000,000 Wei (10^18)
Significance
While users rarely interact with Wei directly, it is the unit used by smart contracts to handle balances and transaction costs.