What is Gwei? - Crypto in Plain English - Episode 158 - by cryptohunt.it
Crypto in Plain English - by cryptohunt.it5 Touko 2022

What is Gwei? - Crypto in Plain English - Episode 158 - by cryptohunt.it

What is Gwei?

Welcome to the cryptohunt jam where we spend one minute a day to explain crypto. In plain english.

If you have used Ethereum, you have likely encountered the term “Gwei” (Christian: Gu-uei). And if you haven’t – tune in, because it’s one of the core things to learn when using Ethereum or similar blockchains.

A Gwei is simply the smallest possible fraction of an Ethereum. While you can certainly send around whole Ethereums, you don’t have to. In fact, an entire Ethereum is worth several thousand dollars, and if you wanted to buy ice cream with it, you would need to send a small fraction of one - otherwise, that would be a very expensive frozen treat!

A Gwei is very similar to a Dollar or Euro Cent. Those cents are also the smallest possible fractions of that currency. When you buy something, the price always comes out to something rounded to the nearest cent. No store will ever charge you 1 dollar and 95.3 cents. It’ll just be 1.95.

And a Gwei is really, really small actually. It’s one billionth of one Ethereum, which is currently worth one 30.000th of a US dollar cent.

But where does the name come from? It is named for ​​Wei Dai, one of the pioneers of the crypto technology that is powering many of today’s blockchains.

And now that you know what a Gwei is, keep an eye out for other names of the same concept. In Bitcoin, it’s called a “Satoshi”, in Cardano a “lovelace”, and Stellar calls it a “stroop”. But now you know: It’s all the same idea.

Disclaimer: This podcast references our opinion and is for information purposes only. It is not intended to be investment advice. Do your own research and seek a duly licensed professional for investment advice.

Jaksot(373)

Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it

Who is Do Kwon and where is he? - Episode 325 - by cryptohunt.it

Who is Do Kwon and where is he? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Avid listeners...

28 Joulu 20222min

Is this new Chat AI trying to kill you? The dangers of ChatGPT - Episode 324 - by cryptohunt.it

Is this new Chat AI trying to kill you? The dangers of ChatGPT - Episode 324 - by cryptohunt.it

Is this new Chat AI trying to kill you? The dangers of ChatGPT Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: I...

27 Joulu 20223min

What is behind the AI chatbot that everyone is talking about? - Episode 323 - by cryptohunt.it

What is behind the AI chatbot that everyone is talking about? - Episode 323 - by cryptohunt.it

What is behind the AI chatbot that everyone is talking about? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In...

26 Joulu 20222min

Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal - Episode 322 - by cryptohunt.it

Paypal collaborates with Metamask: Why this is a big deal Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In pla...

23 Joulu 20223min

Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream? - Episode 321 - by cryptohunt.it

Could Twitter have been the killer app to make blockchains go mainstream? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. A...

22 Joulu 20222min

What is Mastodon… and will it kill Twitter? - Episode 320 - by cryptohunt.it

What is Mastodon… and will it kill Twitter? - Episode 320 - by cryptohunt.it

What is Mastodon… and will it kill Twitter? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto… and now also some other cutting edge news. As always: In plain English. Th...

21 Joulu 20222min

What is the "Clawback process" and could it add to Binance's troubles? - Episode 319 - by cryptohunt.it

What is the "Clawback process" and could it add to Binance's troubles? - Episode 319 - by cryptohunt.it

What is the "Clawback process" and could it add to Binance's troubles? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English. Today, in yet another episode...

20 Joulu 20222min

Is Binance the next FTX? - Episode 318 - by cryptohunt.it

Is Binance the next FTX? - Episode 318 - by cryptohunt.it

Is Binance the next FTX? What’s worse - lying or simply not mentioning important facts? Welcome to the Cryptohunt Jam, where we spend one minute a day explaining crypto. In plain English - so that you...

19 Joulu 20223min

Suosittua kategoriassa Liike-elämä ja talous

sijotuskasti
mimmit-sijoittaa
rss-rahapodi
psykopodiaa-podcast
rss-rahamania
rss-lahtijat
ostan-asuntoja-podcast
hyva-paha-johtaminen
rss-seuraava-potilas
rss-sami-miettinen-neuvottelija
rss-startup-ministerio
rahapuhetta
lakicast
rss-porssipuhetta
rss-bisnesta-bebeja
rss-sisalto-kuntoon
rss-set-for-life-sijoita-ja-vaurastu
rss-rahataito-podcast
rss-paasipodi
rss-viisas-raha-podi