Bitcoin
Bitcoin
BTC
$102,094.00
1d: -1.88%
7d: +8.14%
$102,094.00
-1.88%
Ethereum
Ethereum
ETH
$2,432.36
1d: -3.49%
7d: +34.72%
$2,432.36
-3.49%
Polkadot
Polkadot
DOT
$4.88
1d: -5.05%
7d: +24.67%
$4.88
-5.05%
Solana
Solana
SOL
$167.98
1d: -4.07%
7d: +16.26%
$167.98
-4.07%
XRP
XRP
XRP
$2.45
1d: +1.88%
7d: +15.70%
$2.45
+1.88%
Shiba Inu
Shiba Inu
SHIB
$0.00001499
1d: -9.25%
7d: +18.28%
$0.00001499
-9.25%

Gwei

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Table of contents
    1. 0.2. Understanding Gwei
    2. 0.4. Why Gwei Matters

Gwei is a unit of measurement for gas fees on the Ethereum network. It represents one-billionth of an Ether (ETH) and is used to calculate transaction costs in Ethereum-based transactions and smart contracts.

Understanding Gwei

Gwei is commonly used to express gas prices in Ethereum, making it easier to understand and calculate transaction costs. Gas fees are essential for processing and validating transactions on the Ethereum blockchain.

Why Gwei Matters

Gwei helps users understand and manage the cost of Ethereum transactions. The value of Gwei fluctuates depending on network demand, and efficient management of gas fees ensures smooth operations without overpaying.