Terenval Crypto Glossary · Русская версия
Priority fee
Definition: Priority fee, often called a tip, is the EIP-1559 fee component intended to incentivize the block proposer beyond the base fee.
The total paid per unit of gas depends on the base fee, the priority fee and the transaction's maximum-fee cap.
How this concept appears in Terenval Wallet
Terenval fee presentation for Ethereum-style transactions reflects network pricing and is not a guarantee of a specific confirmation time.
Important: An unnecessarily high tip can increase cost without guaranteeing instant inclusion.
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Sources and review
Published by Terenval; product claims are first-party information.