Gwei

Ellen Britt for CNT #NFT We recently took a look at gas and gas fees and what those mean for both NFT creators and buyers. One of the terms we mentioned was gwei, the smallest base unit of Ether. Let’s explore gwei a bit more deeply. The Ethereum platform’s native currency is ether (ETH) but gas prices will often be expressed in Gwei. Each Gwei is equal to 0.000000001 ETH (10-9 ETH). This makes it easier for both buyers and sellers to talk about price. If your gas costs 1 Gwei, that’s a lot easier than saying or writing out…