Term

Gwei

A denomination of ETH equal to 10^9 wei, commonly used to quote gas prices.

Type:

eth

unit

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).

Ethereum (ETH) is a decentralized, open-source blockchain network featuring smart contract functionality.

The unit of computational work on EVM chains; users pay gas in the native token to execute operations in smart contracts.

The amount paid per unit of gas (e.g., gwei) to incentivize transaction inclusion on EVM chains.

All terms and definitions may update as the Cryptionary improves.