What is Gwei?

Gwei is one of the denominations of Ether (ETH or more commonly Ethereum cryptocurrency). In a way, Gwei is to ETH, what cents are to the dollar. Gwei is used to calculate the Gas — fee paid to record transactions on the Ethereum blockchain.

Gwei is also called Shannon, named after Claude Shannon, a cryptographer and “father of information theory."

How Many Gwei are in 1 ETH?

The value of 1 Gwei = 0.000000001 ETH. This means there are 1 billion Gwei in one ETH. Gwei is also referred to as nanoether.

Learn More Crypto Terms

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