Term
Gwei
A denomination of ETH equal to 10^9 wei, commonly used to quote gas prices.
Type:
eth
unit
1
concept
Quoting gas in gwei makes values human-readable. 1 ETH = 1e18 wei = 1e9 gwei; typical gas prices are in single to low triple-digit gwei.
Example 1.1
If gas price is 15 gwei and a transaction uses 50,000 gas, the fee is 750,000 gwei = 0.00075 ETH (ignoring base fee burn specifics).
Related Terms
Ethereum (ETH)
→Ethereum (ETH) is a decentralized, open-source blockchain network featuring smart contract functionality.
coin
blockchain
Gas
→The unit of computational work on EVM chains; users pay gas in the native token to execute operations in smart contracts.
eth
fee
Gas Price
→The amount paid per unit of gas (e.g., gwei) to incentivize transaction inclusion on EVM chains.
eth
fee
All terms and definitions may update as the Cryptionary improves.
