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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.

  • Welcome. IMO reddit looks like more open to discussion like this than here. In SE we are expecting more tech related questions. – niksmac Dec 21 '17 at 2:02
  • Thank you. I was told the 1000 had a value of about $200 about 3 weeks ago – gayle Dec 21 '17 at 14:34
  • If you put your public address in Etherscan you'll be able to see exactly how much you actually have and how much it is worth. – I.B Dec 21 '17 at 14:56
  • How many finney do.i.need to.equal i et hereum – Riaan Mar 5 '18 at 14:38
  • If you have a new question, please ask it by clicking the Ask Question button. Include a link to this question if it helps provide context. - From Review – Roman Frolov Mar 5 '18 at 19:31
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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.

Bitcoin (BTC)

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.

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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

table

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 ether.

  • Ethereum has no "metric system". It has a decimal system. – Distic Dec 21 '17 at 8:46
  • @Distic this is a quote from Ethdocs. – Roman Frolov Dec 21 '17 at 8:48
  • Aren't they the same things? :-) – Richard Horrocks Dec 21 '17 at 14:32

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