Home / Glossary / Gwei

Gwei

Gwei is a smaller unit of Ether (ETH) cryptocurrency that is used as a denomination to calculate gas fees. Gwei is named after the Chinese unit of measurement for weight. The unit was chosen because ETH is often used to pay for gas fees, and the Chinese unit of measurement for weight is often used to pay for gas in China.



27 Dec 2023

Share this glosssary
bannar