🚀 Crypto News Flash: Understanding Gwei on Ethereum! 🚀
- Gwei, the "spare change" of Ethereum, represents one billionth of an ETH. It's used for transaction fees, simplifying costs into manageable numbers.
- Setting fees in Gwei impacts transaction speed. Higher fees mean faster confirmations, especially during busy times.
- Calculate gas fees by multiplying gas used with base and priority fees. Base fees fluctuate with network activity, while priority fees act as a tip for quicker processing.
- Gwei prices vary with network traffic. Big events can spike costs, but understanding Gwei helps manage expenses.
🔍 Dive into the comments and share your thoughts on Gwei's future!