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What Is the ‘Priority Fee’ in the EIP-1559 Model?

The Priority Fee, or 'tip', is an optional amount a user pays directly to the validator (miner) to incentivize them to include the transaction quickly. It is separate from the mandatory Base Fee, which is burned.

During high congestion, users increase the Priority Fee to jump the queue for block inclusion.

How Does the ‘Premium’ in Options Trading Relate to the Gas Price in Transaction Prioritization?
How Does the Implementation of EIP-1559 Change the Dynamic of Transaction Fees for Miners?
How Does Network Congestion Affect Transaction Processing Time?
How Did Ethereum’s EIP-1559 Change the Transaction Fee Mechanism?