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What is the meaning of hecta in the context of cryptocurrency?

avatarKabeara SamoyedsDec 16, 2021 · 3 years ago1 answers

Can you explain the meaning of hecta in relation to cryptocurrency? I've come across this term but I'm not sure what it refers to.

What is the meaning of hecta in the context of cryptocurrency?

1 answers

  • avatarDec 16, 2021 · 3 years ago
    Hecta is a term commonly used in the cryptocurrency community to refer to a quantity of 100 units of a specific cryptocurrency. It's a way to simplify discussions about large amounts of cryptocurrency without having to write out all the zeros. For example, if someone says they have 1 hecta of Ripple, it means they have 100 Ripple tokens. It's a handy way to express large quantities in a concise manner. So, if you see the term hecta being used in the context of cryptocurrency, it's simply a way of referring to 100 units of that cryptocurrency.