Gwei

Gwei is a specialized unit of measurement within the Ethereum ecosystem, specifically for the native cryptocurrency ether (ETH). It serves as a fractional denomination, equivalent to 0.000000001 ETH. The term Gwei is most commonly utilized to express gas fees, which are the charges associated with executing transactions or smart contracts on the Ethereum network. By denoting gas fees in Gwei, users can easily quantify the amount of ETH required for various operations, facilitating cost estimation and transaction planning.