Base Fee
The protocol-determined minimum fee component under fee-market designs such as Ethereum’s EIP-1559.Definition
The protocol-determined minimum fee component under fee-market designs such as Ethereum’s EIP-1559.Why it matters
Transaction and fee concepts explain how users submit work to a blockchain and how network resources are priced.Related knowledge
- Blockchain — term
- Cryptography — term
- Web3 — term
Canonical knowledge ID:
glossary:base-fee