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0.000000001 ETH
- One Gwei is equal to 0.000000001 ETH. If you pay 0.000000020 ETH as a transaction fee, you would say that the cost was 20 Gwei.
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May 5, 2024 · There are one billion gwei per ether (ETH). How much one gwei is in fiat currency depends on its market value. If ether's market value were $1,500, one gwei would be worth $0.0000015.
Easily convert Ethereum Gas (GWEI) to United States Dollar (USD) using the live market value.
Gwei is a smaller denomination of Ether, similar to how cents are a smaller denomination of a dollar. One Ether is equivalent to 1,000,000,000 Gwei. To calculate Gwei, you divide the amount of Ether by 1,000,000,000. For example, if the gas price is 20 Gwei, it means you are paying 20/1,000,000,000 Ether for each unit of gas consumed.
Gas refers to the fee required to successfully conduct a transaction on the Ethereum blockchain. Gas fees are paid in Ether (ETH) and denominated in Gwei. Learn more about Gas in our Knowledge Base. Gas Snapshot Price at 10/25/2024 10:07:06 PM UTC - Low: 3.932 gwei | Avg: 3.992 gwei | High: 4.391 gwei.
One gwei equals 0.000000001 or 10^9 ETH. Conversely, 1 ETH represents 1 billion gwei. Gwei is a useful denomination to calculate gas fees (paid to miners for transaction processing) in a convenient way. It also has the nickname "shannon," for Claude Shannon, a mathematician and cryptographer referred to as "the father of information theory."
Sep 27, 2024 · Gwei is a unit of measurement used in the Ethereum blockchain. It is short for "Giga-wei," where "giga" denotes one billion. Therefore, 1 Gwei is equal to one billion wei (0.000000001 ETH).
Gwei is strictly used in reference to Ethereum; it does not apply to fractions of other crypto tokens. One Gwei is equal to 0.000000001 ETH. If you pay 0.000000020 ETH as a transaction fee, you would say that the cost was 20 Gwei. Gwei is short for gigaWei. Wei is the smallest unit of the Ethereum coin.