GLOSSARY

Base Fee

The base fee is an algorithmically determined fee that users on the Ethereum blockchain must pay to complete a transaction. It was introduced as part of EIP-1559. Developers, users, and miners in the Ethereum ecosystem use this term. To excel in working with base fees, one should understand Ethereum's fee market mechanism, be able to predict base fee changes, and know how to optimize transaction timing to minimize costs.

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Build with a team you can reach

Production-grade multi-chain infrastructure, backed by engineers who understand your workload.

Deepstack Logo

Build with a team you can reach

Production-grade multi-chain infrastructure, backed by engineers who understand your workload.