Cryptocurrency Q&A
What is GWEI?
What is GWEI?
Martina
Sun Feb 16 2025
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6
answers
1663
I've been hearing a lot about cryptocurrency and Ethereum recently, and I came across the term 'GWEI'. I'm not quite sure what it means. Could someone explain to me what GWEI is in simple terms?
6 answers
Tommaso
Tue Feb 18 2025
It is utilized within the Ethereum ecosystem for buying and selling various goods and services.
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Carlo
Tue Feb 18 2025
Gwei serves as a denomination for the cryptocurrency ether, which is native to the Ethereum network.
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Tommaso
Mon Feb 17 2025
Ethereum transaction fees are often priced in gwei, making it easier for users to reference and understand.
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BlockchainWizardGuard
Mon Feb 17 2025
Specifically, one gwei equates to one-billionth of an ETH.
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Margherita
Mon Feb 17 2025
This fractional representation allows for more granular transactions.
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