Ethereum Supply and Value: Closer Appearance
The Ethereum network is based on the principles of decentralized financing, allowing users to rent and borrow without mediators (ETH). However, one of the aspects that caused curiosity among developers and fans is the concept of “maximum supply” of a given unit. In this article, we examine that the smallest divisible unit of Ethereum, 1 Wei, is equal to its largest numeric value, Uint256.
Understanding Ethereum offer
The full power of Ethereum represents the maximum ether in the network. This is achieved by an algorithmic procedure known as “Maxinum Supply” (MSS), which ensures a finite limit for the new ether. The current total supply is 12,000,000,000,000 Wei.
The smallest divisible unit: 1 Wei
One Wei is the smallest unit of the ether and represents a nanosekundum. According to Ethereum’s base code, all values that can be expressed with a combination of 1S and 0 -k (ie binary numbers) can be converted into an integer representation.
1 Wei equal to uint256?
Although it is theoretically possible to expression of a single Wei in the Uint256 depiction, the two are not equivalent. So it is:
- Uint256 represents a 256 -bit value that is between 0 and 2^256 – 1.
- In contrast, 1 Wei is a binary number (0 or 1) that occupies a fixed amount of space in the memory.
Although it is theoretically possible to represent a single Wei using UINT256, it requires a huge number of values, far beyond the practical limits of computer storage and processing performance. In fact, a decimal representation of value can be intuitive and more convenient for people.
Typical decentralized currencies
Typical decentralized currencies (DCs), such as bitcoin or Ethereum, are often expressed for a smaller unit that is more meaningful to users. For example, Bitcoin has a maximum range of 21 million and Ethereum 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 can be used to simplify calculations or make transactions more efficient.
Conclusion
In summary, although it is theoretically possible that the smallest shared unit of Ethereum is the same as its largest numerical value, this is not a typical use of decentralized financial applications. The full total supply of the current 12,000,000,000,000,000 WII is the maximum amount of ether on the network and serves as a basic limit.
However, there are other decentralized currencies and projects that can use smaller units to make their transactions more manageable or intuitive for users.
More sources
- Official Documentation of Ethereum: <
- Bitcoin’s official website: <
- Decentralized financial (defi) sources: <