Understanding the unit “th” in ethereum: tether (th/s)
As a cryptocurrency enthusiast, it’s not uncommon to come across unfamiliar terms and units while researching the Ethereum network. One such term is “th,” which represents an incredibly high amount of ether per second. In this article, we’ll delve into what “th” stands for, its meaning, and how to calculate it.
What does th stand for?
The term “th” is an abbreviation for Tether (th/s), a stableCoin pegged to the US Dollar. StableCoins are digital currencies designed to maintain a fixed relationship with traditional fiat currencies, ensuring their value remains relatively stable in real-time marketing fluctuations. The most well-known stablecoin is the US Dollar StableCoin (UST).
how does th work?
In the context of Ethereum, tether is a cryptocurrency that represents 1 us dollar per ether (ETH). This means that every eth has an equivalent value of $ 0.00000001 USD. To calculate this ratio, we need to understand that 1 eth is worth approximately $ 35.
calculating th
To calculate the unit “th” in ethereum, you can use the following formula:
Th / s = ether (ETH) / US Dollar (USD)
Plugging in the numbers, we get:
Th/s ≈ 0.00000001 ETH/USD
This means that Every 1 ETH has an equivalent value of $ 0.00000001 USD.
Example: The 13.5 th/s
As mentioned earlier, “The 13.5 th/s is $ 2773.28 US”. This statement can be broken down as follows:
- Th (th/s) = 13.5
- s = 1 second (assuming we’re talking about the Ethereum Network’s Block Time)
- ETH = 0.00000001 USD per eth
To calculate the total value, multiple these numbers together:
13.5 th/s × 0.00000001 ETH/s ≈ $ 2773.28 US
In summary, the unit “th” in ethereum represents a stableCoin pegged to the US Dollar, with an equivalent value of 1 eth being worth approximately $ 0.00000001 USD per second.
Conclusion
Understanding what “th” stands for and how it works is essential for anyo looking into the world of cryptocurrencies. By grasping this concept, you’ll be better equipped to navigate the complex landscape of ethereum and other stablecoins.
