Gwei
BlockchainWhat is Gwei?
Gwei, short for gigawei, is a standard denomination of the cryptocurrency Ether (ETH) on the Ethereum blockchain, representing one billion (10^9) Wei, and is the primary unit used to quote and calculate transaction fees, known as gas. This unit provides a human-readable and practical measure for the small fractions of Ether required to compensate network validators for the computational work of processing transactions and executing smart contracts.
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