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Gas is a quantification of EVM opcode processing. It doesn't really have a unit name, but I think it can simply be "gas units". Etherscan doesn't even give it any unit name.
Gas by itself is not currency or money, so should not be expressed in currency units (e.g. wei or ETH).
Gas price is a rate: currency per unit of gas, like how much money you pay for a bit of work.
It's commonly expressed in "Gwei". To be technically correct, it should be "Gwei per gas unit".
Here is the unit conversion from Gwei to nETH:
1 Gwei
= 1 giga wei
= 109 wei
= 109 x 10-18 ETH
= 10-9 ETH
= 1 nano ETH
= 1 nETH
Network fee = Gas x Gas price
e.g.:
If
Gas used = 50,000 gas units
Gas price = 10 Gwei per gas unit
Then
Network fee = 500,000 Gwei
= 500,000 x 10-9 ETH
= 500,000 nETH
= 0.0005 ETH
The text was updated successfully, but these errors were encountered:
So you need to remove the "Gwei" from "Gas Used". You can just not even write the unit name, like on Etherscan and other explorers - they only write the number.
Here's an example transaction page on Etherscan, with my calculation guide:
Gas is a quantification of EVM opcode processing. It doesn't really have a unit name, but I think it can simply be "gas units". Etherscan doesn't even give it any unit name.
Gas by itself is not currency or money, so should not be expressed in currency units (e.g. wei or ETH).
Gas price is a rate: currency per unit of gas, like how much money you pay for a bit of work.
It's commonly expressed in "Gwei". To be technically correct, it should be "Gwei per gas unit".
Here is the unit conversion from Gwei to nETH:
1 Gwei
= 1 giga wei
= 109 wei
= 109 x 10-18 ETH
= 10-9 ETH
= 1 nano ETH
= 1 nETH
Network fee = Gas x Gas price
e.g.:
If
Gas used = 50,000 gas units
Gas price = 10 Gwei per gas unit
Then
Network fee = 500,000 Gwei
= 500,000 x 10-9 ETH
= 500,000 nETH
= 0.0005 ETH
The text was updated successfully, but these errors were encountered: