NFT Marketplace ZORA Proposes 'Spark' as Unit for Fractional ETH
CryptoNewsTerminal Staff25 Jul, 2024
NFT Marketplace ZORA Proposes 'Spark' as Unit for Fractional ETH
NFT marketplace ZORA has proposed the term 'Spark' as a way to refer to the sixth decimal place of ETH. According to the proposal, 1 ETH would be equal to 1 million Sparks. The Unicode symbol for Spark is ✧. ZORA says that "the more zeroes after the decimal, the harder it is to say. Dollars have cents, Bitcoin has satoshis. Ethereum has traditionally used wei for its smaller unit, but it's unwieldy to say that there are 1 trillion wei in 1 ETH. Spark is easier to say, and it's a nice round number."