Max Priority Fee Definition

[AmadiMichael]

https://youtu.be/gyMwXuJrbJQ?t=1h34m14s

The best video on solidity, blockchain and web3 I've come across. Just wanted to correct what I think was a mistake.

You mentioned at the timestamp added above that max priority fee was the max gas fee we are willing to pay plus the max tip we are willing to give the miners.

From my prior research before taking this course and little additional research I thought that definition applied to max fee rather than max priority fee.

Isn't Max priority fee the total tip we are willing to give the miners?

I'd love further explanation if I am wrong and thanks yet again for this wonderful course.

[alymurtazamemon]

Max Priority fee that you want to give to the miner.

[AmadiMichael]

Yeah. This Article also explains it well.

https://www.google.com/amp/s/www.blocknative.com/blog/eip-1559-fees%3fhs_amp=true

[PatrickAlphaC]

Yall want to throw your hats in the ring here? https://ethereum.stackexchange.com/questions/130963/max-priority-fee-and-max-gas-fee-difference-and-definition

[AmadiMichael]

Yall want to throw your hats in the ring here? https://ethereum.stackexchange.com/questions/130963/max-priority-fee-and-max-gas-fee-difference-and-definition

of course!

[0xokaro]

Was just about to ask the same thing, but decided to first search if it was asked before or not. Because when I checked etherscan, the priority fee seemed less than the max fee. This shows that it is not the max fee + the tip, but only the tip itself :)

Fantastic video otherwise, on the 1:30 hour mark right now.