what the fuck is gwei this is so fucking stupid

[Anonymous No.10174529]

this shit is fucked

[Anonymous No.10174539]

>>10174529
Good will engineered intelligence, it's an AI term

[Anonymous No.10174639]

>>10174529
Ether is divisible to the 18th decimal place. The smallest unit is called wei, after Wei Dai, an early electronic money pioneer. Gwei is giga-wei, that is a billion wei, or a billionth of an ether. It is the usual unit for pricing the cost of submitting transactions to the ethereum network, per unit of computational work known as gas. Transaction fee = gas used × gas price.
Think of it using this helpful metaphor: you fill your car tank with gas up to the limit (15 gallons) at $3 per gallon. You drive some distance using 10 of those gallons. The total cost to drive that distance was the amount of gas you used multiplied by the unit cost of that gas.
Likewise, to make a transaction, you give a gas limit, a maximum amount of gas that your transaction will use. You pay the gas price (maybe 45 gwei right now, the network is full) for each unit of gas. The transaction runs and uses some of that gas (21,000 for a basic ETH transfer). The unused gas is refunded as ether at the same price. So your transaction cost 21,000 gas × 45 gwei per gas = 945,000 gwei. Since a gwei is a billionth of an ether, that's 0.000945 ETH.