Skip to main content
fix code formatting
Source Link
Antonio Carito
  • 2.5k
  • 3
  • 10
  • 24

I just started to understand Polygon network.

As 1 MATIC = 10^18 Wei1 MATIC = 10^18 Wei and 1 ETH = 10^18 Wei1 ETH = 10^18 Wei

and Wei is the smallest denomination on both networks, but then

Why is 1 MATIC not equal to 1 ETH (We have 1 ETH ~= 3000 MATIC1 ETH ~= 3000 MATIC today).

As both of them have the same Wei as the lowest value and Polygon is based on Ethereum then, logically 1 MATIC == 1 ETH1 MATIC == 1 ETH.

Does it not work this way in Crypto currencies or how are the calculations done then, even though both have the same amount of Wei?

I just started to understand Polygon network.

As 1 MATIC = 10^18 Wei and 1 ETH = 10^18 Wei

and Wei is the smallest denomination on both networks, but then

Why is 1 MATIC not equal to 1 ETH (We have 1 ETH ~= 3000 MATIC today).

As both of them have the same Wei as the lowest value and Polygon is based on Ethereum then, logically 1 MATIC == 1 ETH.

Does it not work this way in Crypto currencies or how are the calculations done then, even though both have the same amount of Wei?

I just started to understand Polygon network.

As 1 MATIC = 10^18 Wei and 1 ETH = 10^18 Wei

and Wei is the smallest denomination on both networks, but then

Why is 1 MATIC not equal to 1 ETH (We have 1 ETH ~= 3000 MATIC today).

As both of them have the same Wei as the lowest value and Polygon is based on Ethereum then, logically 1 MATIC == 1 ETH.

Does it not work this way in Crypto currencies or how are the calculations done then, even though both have the same amount of Wei?

edited tags
Link
yk28
  • 25
  • 1
  • 4
Source Link
yk28
  • 25
  • 1
  • 4

MATIC to ETH comparison w.r.t Wei

I just started to understand Polygon network.

As 1 MATIC = 10^18 Wei and 1 ETH = 10^18 Wei

and Wei is the smallest denomination on both networks, but then

Why is 1 MATIC not equal to 1 ETH (We have 1 ETH ~= 3000 MATIC today).

As both of them have the same Wei as the lowest value and Polygon is based on Ethereum then, logically 1 MATIC == 1 ETH.

Does it not work this way in Crypto currencies or how are the calculations done then, even though both have the same amount of Wei?