Szabo (Unit of Ether)

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A Szabo is a denomination of Ether (ETH), the native cryptocurrency of the Ethereum blockchain. Ether, like many other cryptocurrencies and traditional fiat currencies, can be divided into smaller units to facilitate transactions of varying values and to provide a more granular representation of amounts. The name “Szabo” pays homage to Nick Szabo, a renowned computer scientist, legal scholar, and cryptographer who is credited with pioneering research in digital contracts and digital currency, including the concept of “smart contracts” which are fundamental to Ethereum.

One Ether is equivalent to 1,000,000,000,000 (one trillion) Szabo. To put it in perspective with other Ether denominations:

1 Ether = 1,000,000,000 Gwei (Giga-Wei)

1 Ether = 1,000,000,000,000 Mwei (Mega-Wei)

1 Ether = 1,000,000,000,000,000,000 Wei

Therefore, 1 Szabo equals 1,000,000 Wei. While most users interact with Ether or Gwei (especially for gas fees), smaller denominations like Szabo are important in cryptocurrency development solutions for precise value representation and programmatic transactions.

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