What Is the Smallest Unit of Ether?
The smallest unit of Ether is called 'Wei'. One Ether is equal to 10^18 Wei.
All gas prices and transaction values are ultimately calculated in Wei, though Gwei is used as a more convenient unit for gas prices due to its larger size (10^9 Wei).
Glossar
Smallest Unit of Ether
BaseUnit ⎊ Smallest Unit of Ether, known as Wei, represents the fundamental, indivisible denomination of the asset on the Ethereum network.
Gas Prices
Metric ⎊ Gas Prices represent the economic value, denominated in Gwei, assigned to a single unit of computational work, or Gas, required to execute an operation on the Ethereum Virtual Machine.
Gwei
Denomination ⎊ Gwei, an abbreviation for Gigawei, functions as a standard unit of account for measuring Gas Prices on the Ethereum blockchain, representing one billionth ($10^9$) of an Ether (ETH).
Transaction Values
Valuation ⎊ Transaction Values represent the nominal or effective amount of cryptocurrency or asset being transferred or settled in a specific onchain operation.
Ether
Framework ⎊ Within the evolving landscape of cryptocurrency and decentralized finance, Ether functions as the foundational framework for the Ethereum network, enabling the execution of smart contracts and decentralized applications.
Smallest Unit
Unit ⎊ The smallest unit refers to the minimum fractional denomination of a cryptocurrency, such as the Satoshi for Bitcoin.