⚡ What Is a Priority Fee in Transactions?
A priority fee is an extra amount you pay on top of the base transaction fee to get your transaction processed faster on a blockchain.
Think of it as a fast-lane tip to validators or miners.
⛓️ How Priority Fees Work
When a blockchain network is busy:
Many transactions compete to get into the next blockValidators prefer transactions that pay higher fees
By adding a priority fee, you signal:
👉 “Process my transaction first.”
Higher priority fee = faster confirmation
Lower priority fee = longer waiting time (or delays)
🚦 Why Priority Fees Matter
Helps your transaction avoid network congestionReduces chances of transactions getting stuckCrucial during high volatility, NFT mints, memecoin hype, or big market moves
Without a priority fee, your transaction may sit in the mempool while others go ahead.
🧾 Summary :
✔️ Priority fee = extra fee paid for faster transaction processing
✔️ Used when the network is congested
✔️ Higher fee = higher priority, faster confirmation
Understanding priority fees helps you choose speed vs cost when sending crypto.
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