Transaction Fee Mining refers to the process where miners earn rewards based on transaction fees included in blocks they validate. Rather than solely relying on block rewards—newly created coins—miners can profit from fees paid by users to prioritize their transactions.When users send transactions, they often have the option to include a fee to incentivize miners to pick up their transaction more quickly. Miners select transactions based on these fees, prioritizing those that offer higher payments.This mechanism is particularly important as block rewards decrease over time, such as during events like Bitcoin halving. In such cases, transaction fees can contribute significantly to a miner’s income, ensuring their continued participation in the network to maintain security and process transactions.As blockchain networks evolve, the balance between block rewards and transaction fees can influence miner behavior and overall network dynamics, affecting how transactions are processed and confirmed.