Crypto GlossaryGWEI
GWEI
Since the value of Ether can fluctuate greatly, using GWEI as a unit of measurement helps to standardize gas fees and make it easier for users to calculate the cost of executing transactions on the Ethereum network. The higher the GWEI, the higher the transaction fee, and vice versa.
Traders and investors who are using the Ethereum network should be aware of the current GWEI prices and consider them when executing transactions or transferring assets on the network. High GWEI prices can make transactions more expensive, so it's important to monitor the network and plan transactions accordingly.
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