Smallest denomination of cryptocurrency on ethereum

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Gwei is the denomination used for Ethereum, while Sats (short for Satoshi) is used for Bitcoin. Gwei represents a smaller value unit compared to. A 'wei' refers to the smallest denomination of ether (ETH). Understanding the Term. One wei (pronounced: �way�) is the smallest fraction of ether. Ether is a. Wei refers to the smallest denomination of ether. Moreover, ether is a cryptocurrency token utilized on the Ethereum network. To specify, 1 ether equals.