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blockchain

Priority Fee

An optional tip paid directly to validators on top of Ethereum's base fee to incentivize faster transaction inclusion.

Definition

An optional tip paid directly to validators on top of Ethereum's base fee to incentivize faster transaction inclusion. During high demand, transactions with higher priority fees get picked up first. Also called the miner tip (legacy term from pre-Merge Ethereum).

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Related Terms

Gas

The fee paid to process transactions on Ethereum and similar blockchains.

Base Fee

The minimum gas price required for a transaction to be included in an Ethereum block.

Validator

A node operator who validates transactions and creates blocks on a proof-of-stake network.

ABI

Application Binary Interface.

Account Abstraction

A way to make crypto wallets behave more like normal apps by turning every account into a smart contract.

ERC-4337

The Ethereum standard for account abstraction without changing the core protocol.

Related Tools

Gas Tracker/tools/gas-tracker

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Ethereum Guide/learn/ethereum

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