The term of delivery and values of Ethereum: a closer look
Ethereum is based on the principles of decentralized funding, allowing users to borrow and borrow an ether (ETH) without intermediaries. However, one aspect that has caused curiosity between developers and enthusiasts is the concept of a “maximum supply” of a particular unit. In this article, we will examine whether the smallest divisible unit of Ethereum, 1 Wei, is equal to its largest number value, Uint256.
Understanding supplies Ethereum
The total offer of Ethereum is the maximum amount of ether that may exist in the network. This is achieved by the algorithmic process known as the “Maxinum Supply” (MSS), which ensures the final limit of the number of new ether created. The current total offer is 12 000 000 000 000 Wei.
The smallest divisible unit: 1 Wei
One Wei is the smallest unit of ether and represents one nanosecond of time. According to the Ethereum basic code, any value that can be expressed using a combination of 1S and 0S (i.e. Binary numbers) can be converted to an integer representation.
Is 1 Wei equal to uint256?
Although theoretically, one wei can be expressed in the UINT256 representation, the two are not equal. Here is the reason:
- Uint256 is an unsigned 256 -bit value, which ranges from 0 to 2^256 – 1.
- On the contrary, 1 Wei is a binary number (0 or 1) that occupies a fixed amount of space in memory.
Although theoretically it is possible to represent a single Wei using UINT256, it would require a huge number of values, which is far beyond the practical limitations of computer storage and processing performance. In addition, the decimal representation of value can be more intuitive and more comfortable for people.
Typical decentralized currencies
In typical decentralized currencies (DCS), such as bitcoin or ethereum, the total supply is often expressed in terms of a smaller unit that is more meaningful to users. For example, the maximum bitcoin offer is 21 million, while Ethereum is 12 billion Wei.
The choice of units depends on various factors, including the target audience, market conditions and technological feasibility. In some cases, smaller units may be used to simplify calculations or to streamline transactions.
Conclusion
In conclusion, although theoretically, it is possible that the smallest divisible unit of Ethereum equals its greatest numerical value, this is not a typical case of use in decentralized financial applications. The current total offer of 12,000,000,000 Wei is the maximum amount of ether that can exist in the network and serves as a basic limit.
However, there are other decentralized currencies and projects that can use smaller units to increase their transactions manageable or more intuitive to users.
More sources
- Official ETHEREUM documentation: <
- Official Bitcoin website: <
- Decentralized funding (Defi) Sources: <
