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

Avsnitt(373)

Cryptohunt it dead - Episode 373 - by cryptohunt.it

Cryptohunt it dead - Episode 373 - by cryptohunt.it

Cryptohunt it dead Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. Cryptohunt i...

6 Mars 20232min

How ERC-4337 will put an end to forgotten crypto keys - Episode 372- by cryptohunt.it

How ERC-4337 will put an end to forgotten crypto keys - Episode 372- by cryptohunt.it

How ERC-4337 will put an end to forgotten crypto keys Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As alw...

3 Mars 20232min

What is Eth Denver, and why are all the crypto enthusiasts going there? - Episode 371 - by cryptohunt.it

What is Eth Denver, and why are all the crypto enthusiasts going there? - Episode 371 - by cryptohunt.it

What is Eth Denver, and why are all the crypto enthusiasts going there? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-chan...

2 Mars 20232min

What’s up with all these .xyz domains? - Episode 370 - by cryptohunt.it

What’s up with all these .xyz domains? - Episode 370 - by cryptohunt.it

What’s up with all these .xyz domains? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain E...

1 Mars 20232min

What are Bitcoin Ordinals? - Episode 369 - by cryptohunt.it

What are Bitcoin Ordinals? - Episode 369 - by cryptohunt.it

What are Bitcoin Ordinals? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always: In plain English. It’s...

1 Mars 20232min

Why did Coinbase invent BASE, its own blockchain? - Episode 368 - by cryptohunt.it

Why did Coinbase invent BASE, its own blockchain? - Episode 368 - by cryptohunt.it

Why did Coinbase invent BASE, its own blockchain? Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always:...

27 Feb 20232min

The future of voice - How AI will change the things you listen to - Episode 367 - by cryptohunt.it

The future of voice - How AI will change the things you listen to - Episode 367 - by cryptohunt.it

The future of voice - How AI will change the things you listen to Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing i...

24 Feb 20232min

How generative AI will create never-ending stories - Episode 366 - by cryptohunt.it

How generative AI will create never-ending stories - Episode 366 - by cryptohunt.it

How generative AI will create never-ending stories Welcome to the Cryptohunt Jam, where you learn – in just a minute or two a day – what is happening in crypto and other game-changing ideas. As always...

23 Feb 20232min

Populärt inom Business & ekonomi

framgangspodden
varvet
badfluence
rss-jossan-nina
rss-borsens-finest
svd-tech-brief
uppgang-och-fall
avanzapodden
rss-svart-marknad
borsmorgon
fill-or-kill
bathina-en-podcast
rss-inga-dumma-fragor-om-pengar
rss-dagen-med-di
24fragor
tabberaset
lastbilspodden
rss-kort-lang-analyspodden-fran-di
rss-den-nya-ekonomin
kapitalet-en-podd-om-ekonomi