Ethereum: What is the unit “Th” as Th/s? [duplicate]

Understanding the Ethereum “Th” Unit: Tether (TH/s)

As a cryptocurrency enthusiast, it’s not uncommon to come across unfamiliar terms and units while exploring the Ethereum network. One such term is “Th,” which represents an incredibly large amount of ether per second. In this article, we’ll look at what “Th” stands for, its significance, and how to calculate it.

What does Th mean?

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 to traditional fiat currencies, ensuring that their value remains relatively stable during real-time market fluctuations. The most famous 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 for ether (ETH). This means that each 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 “Th” unit in Ethereum, you can use the following formula:

TH/s = ether (ETH) / US dollar (USD)

Putting the numbers together, we get:

TH/s ≈ 0.00000001 ETH/USD

This means that each 1 ETH has an equivalent value of $0.00000001 USD.

Example: 13.5 TH/s

As mentioned earlier, “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 are talking about the Ethereum network block time)

• ETH = 0.00000001 USD per ETH

To calculate the total value, multiply these numbers together:

13.5 TH/s × 0.00000001 ETH/s ≈ $2773.28 USD

In summary, the “Th” unit in Ethereum represents a stablecoin pegged to the US dollar, with the equivalent value of 1 ETH costing approximately $0.00000001 USD per second.

Conclusion

Understanding what “Th” means and how it works is essential for anyone looking into the world of cryptocurrencies. By grasping this concept, you will be better prepared to navigate the complex landscape of Ethereum and other stablecoins.