Gwei
Gwei is a subunit of the Ether (ETH) cryptocurrency on the Ethereum network. A gwei, also known as a gigawei, is the smallest base unit of Ether. It is 1,000,000,000 wei. One gwei is equivalent to 0.000000001 ETH (10-9). In contrast, 1 ETH equals 1 billion gwei.
Gwei is a handy way to quantify gas fees (amounts charged to miners for transaction processing). Ethereum sub-units sometimes also have nicknames, like in this case Gwei’s nickname is “shannon,” after Claude Shannon, the mathematician, and cryptographer known as “the founder of knowledge theory.”
See all ether units here.
Latest Content
- OpenAI Restricts GPT-5.6 Rollout Following Trump Administration Safety Interventions
- Strategy’s Michael Saylor Acknowledges ‘Volatility Test’ as STRC Preferred Shares Hit All-Time Low
- Prediction Market Volumes Hit Record Highs as Kalshi Secures FIFA World Cup Branding Deal
- The Leverage Multiplier: A Sophisticated DeFi Strategy for Sky Protocol, Ethena, and Aave
- Exit Strategy: What Strategy (MSTR) Stock’s Two-Year Low Reveals About Bitcoin Conviction and Risk Management
Related content
- Ethereum What is Ethereum?...
- Non-Fungible Tokens: The Guide Non-fungible tokens (NFTs) are a new type of token which is represented by unique cryptographic units, meaning that each token has a unique value. ...
- Gas The fee charged on the Ethereum network in exchange for accessing the platform’s computing resources is referred to as gas. Launching decentralized applications (DApps) and basic transactions like sending ETH between traders all need gas. The invoice is charged in...
- Countdown to Ethereum 2.0 The countdown to Ethereum 2.0 has started....