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Where Did Bitcoin Come From? � The True StoryInterestingly, wei was named after Wei Dai, the founder of b-money, the predecessor of Bitcoin. Wei is also used as a unit of measure for. The currency was developed by Satoshi Nakamoto � widely believed to be a pseudonym for an individual or group of people whose precise identity remains unknown. Wei refers to the smallest denomination of ether. Moreover, ether is a cryptocurrency token utilized on the Ethereum network.