noun
Internet Slang
gwei
GWAY · noun · informal
A tiny unit of Ether used to price gas (1 gwei = 0.000000001 ETH).
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Definitions
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A denomination of Ether equal to one billionth of an ETH, the standard unit for quoting gas prices on Ethereum.
“Gas is only 8 gwei right now — great time to move funds.”
by community
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gwei In A Sentence
Gas is only 8 gwei right now — great time to move funds.
Origin & Usage
Ethereum unit named in the 'wei' family (after Wei Dai); 'giga-wei'.
Variants
Gwei
People Also Ask
What is gwei?
Gwei is a unit of Ether equal to one billionth of an ETH, used as the standard way to quote gas prices on Ethereum.
How much is 1 gwei?
One gwei equals 0.000000001 ETH, or 10 to the power of minus 9 Ether.
Why are gas prices measured in gwei?
Gas costs are tiny fractions of an ETH, so gwei gives a readable number instead of a long string of zeros.
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