Another name for transaction fees that a blockchain network charges to execute and validate transactions on the blockchain network of choice. Miners are incentivized to do the work of verifying transactions, confirming transactions, and then adding those transactions to a new block, which is finally added to the blockchain. This is accomplished by miners by using their vast amounts of computing power to be the quickest at solving complex and expensive cryptographic problems faster than the next miner
Example
“A user sending 0.5 BTC paid a miner fee of 0.0003 BTC to incentivize miners to include their transaction in the next block, with higher fees ensuring faster confirmation times.”