Albert Einstein was a German-born theoretical physicist, widely ranked among the greatest and most influential scientists of all time. Best known for developing the theory of relativity, he also made important contributions to quantum mechanics, and was thus a central figure in the revolutionary reshaping of the scientific understanding of nature that modern physics accomplished in the first decades of the twentieth century. His mass–energy equivalence formula E = mc2, which arises from relativity theory, has been called "the world's most famous equation". His work is also known for its influence on the philosophy of science. He received the 1921 Nobel Prize in Physics "for his services to theoretical physics, and especially for his discovery of the law of the photoelectric effect", a pivotal step in the development of quantum theory. His intellectual achievements and originality resulted in "Einstein" becoming synonymous with "genius". Einsteinium, one of the synthetic elements in the periodic table, was named in his honor.