I was given 1000 ethereum coins. I don't understand ethereum. I know there are 1 million coins in one bitcoin. Are ethereum coins divided like that? Just trying to understand what 1000 ethereum really means. Please explain so a newbie can understand. Thanks.
It must be 1000 Milliether which is equivalent to 1 ether, not 1000 ethereum,
Here is how both bitcoin and ethereum are divided into small units.
The smallest unit in a Bitcoin is Satoshi(named after its creator Satoshi Nakamoto).
These are the breakdown of the one BTC.
1 satoshi = 0.00000001 BTC 10 satoshi = 0.00000010 BTC 100 satoshi = 0.00000100 BTC micro-bitcoin (μBTC) 1,000 satoshi = 0.00001000 BTC 10,000 satoshi = 0.00010000 BTC 100,000 satoshi = 0.00100000 BTC milli-bitcoin(mBTC) 1,000,000 satoshi = 0.01000000 BTC centi-bitcoin(cBTC) 10,000,000 satoshi = 0.10000000 BTC deci-bitcoin(dBTC) 100,000,000 satoshi = 1.00000000 BTC bitcoin(1BTC)
Ethereum (Ether, ETH)
Ethereum is dividable in to Wei, Kwei/Ada/Femtoether, Mwei/Picoether/Babbage, Gwei/nano/Nanoether, Szabo/Microether/Micro, Finney/Milliether/Milli, Kether/Grand/Einstein, Mether, Gether and Tether.
1000000000000000000 Wei = 1 Ether 1000000000000000 Kwei = 1 Ether 1000000000000 Mwei = 1 Ether 1000000000 Gwei = 1 Ether 1000000 Szabo = 1 Ether 1000 Finney = 1 Ether 1 Ether = 1 Ether 0.001 Kether = 1 Ether 0.000001 Mether = 1 Ether 0.000000001 Gether = 1 Ether 0.000000000001 Tether = 1 Ether
hope you'll find it useful.
Ethereum has a metric system of denominations used as units of ether. Each denomination has its own unique name (some bear the family name of seminal figures playing a role in evolution of computer science and cryptoeconomics). The smallest denomination aka base unit of ether is called Wei. Below is a list of the named denominations and their value in Wei. Following a common (although somewhat ambiguous) pattern, ether also designates a unit (of 1e18 or one quintillion Wei) of the currency. Note that the currency is not called Ethereum as many mistakenly think, nor is Ethereum a unit. Ethdocs
I cannot say for sure, but in your case it could possibly be a tokens.
what 1000 ethereum really means
There is no such unit as ethereum, it is called