Gwei
Gwei is a denomination of Ether (ETH), the native cryptocurrency of the Ethereum network, representing one billionth of an Ether (10^-9 ETH). It is commonly used to express gas prices in the Ethereum ecosystem, providing a more granular measurement for transaction fees.
For web3 developers, displaying gas prices in gwei offers users a clearer understanding of the costs associated with executing transactions or interacting with smart contracts. Incorporating gwei into user interfaces and fee calculations ensures transparency and aligns with standard practices within the Ethereum community. Understanding and accurately handling gwei calculations is essential for optimizing transaction costs and enhancing user experience.