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The hexToNumber function is a utility method provided by the web3.utils module that allows you to convert a hexadecimal string representation of a number to its corresponding number or bigint representation. This function is useful when working with smart contracts that operate on numerical values, as it enables you to convert hex-encoded numbers to a format that can be easily processed by the contract.
The function takes a single parameter, value, which is the hexadecimal string that you want to convert to a number. The function then performs the necessary conversions and returns the number or bigint representation of the input value.
Here's an example usage of the hexToNumber function:
In this example, the hexToNumber function takes the hexadecimal string '0xa' as input and returns the number 10.