diff --git a/beacon-chain/node/config.go b/beacon-chain/node/config.go
index 8af802363f72..8b76bef32126 100644
--- a/beacon-chain/node/config.go
+++ b/beacon-chain/node/config.go
@@ -113,9 +113,9 @@ func configureExecutionSetting(cliCtx *cli.Context) {
 		c.TerminalBlockHashActivationEpoch = types.Epoch(cliCtx.Uint64(flags.TerminalBlockHashActivationEpochOverride.Name))
 		params.OverrideBeaconConfig(c)
 	}
-	if cliCtx.IsSet(flags.Coinbase.Name) {
+	if cliCtx.IsSet(flags.FeeRecipient.Name) {
 		c := params.BeaconConfig()
-		c.Coinbase = common.HexToAddress(cliCtx.String(flags.Coinbase.Name))
+		c.FeeRecipient = common.HexToAddress(cliCtx.String(flags.FeeRecipient.Name))
 		params.OverrideBeaconConfig(c)
 	}
 }
diff --git a/beacon-chain/node/config_test.go b/beacon-chain/node/config_test.go
index 165a883a84dd..fa71843bb91b 100644
--- a/beacon-chain/node/config_test.go
+++ b/beacon-chain/node/config_test.go
@@ -79,11 +79,11 @@ func TestConfigureExecutionSetting(t *testing.T) {
 	set.Uint64(flags.TerminalTotalDifficultyOverride.Name, 0, "")
 	set.String(flags.TerminalBlockHashOverride.Name, "", "")
 	set.Uint64(flags.TerminalBlockHashActivationEpochOverride.Name, 0, "")
-	set.String(flags.Coinbase.Name, "", "")
+	set.String(flags.FeeRecipient.Name, "", "")
 	require.NoError(t, set.Set(flags.TerminalTotalDifficultyOverride.Name, strconv.Itoa(100)))
 	require.NoError(t, set.Set(flags.TerminalBlockHashOverride.Name, "0xA"))
 	require.NoError(t, set.Set(flags.TerminalBlockHashActivationEpochOverride.Name, strconv.Itoa(200)))
-	require.NoError(t, set.Set(flags.Coinbase.Name, "0xB"))
+	require.NoError(t, set.Set(flags.FeeRecipient.Name, "0xB"))
 	cliCtx := cli.NewContext(&app, set, nil)
 
 	configureExecutionSetting(cliCtx)
@@ -91,7 +91,7 @@ func TestConfigureExecutionSetting(t *testing.T) {
 	assert.Equal(t, uint64(100), params.BeaconConfig().TerminalTotalDifficulty)
 	assert.Equal(t, common.HexToHash("0xA"), params.BeaconConfig().TerminalBlockHash)
 	assert.Equal(t, types.Epoch(200), params.BeaconConfig().TerminalBlockHashActivationEpoch)
-	assert.Equal(t, common.HexToAddress("0xB"), params.BeaconConfig().Coinbase)
+	assert.Equal(t, common.HexToAddress("0xB"), params.BeaconConfig().FeeRecipient)
 }
 
 func TestConfigureNetwork(t *testing.T) {
diff --git a/beacon-chain/rpc/eth/beacon/config_test.go b/beacon-chain/rpc/eth/beacon/config_test.go
index 95760bb67938..210a08557bc6 100644
--- a/beacon-chain/rpc/eth/beacon/config_test.go
+++ b/beacon-chain/rpc/eth/beacon/config_test.go
@@ -100,7 +100,7 @@ func TestGetSpec(t *testing.T) {
 	config.TerminalBlockHash = common.HexToHash("TerminalBlockHash")
 	config.TerminalBlockHashActivationEpoch = 72
 	config.TerminalTotalDifficulty = 73
-	config.Coinbase = common.HexToAddress("Coinbase")
+	config.FeeRecipient = common.HexToAddress("FeeRecipient")
 
 	var dbp [4]byte
 	copy(dbp[:], []byte{'0', '0', '0', '1'})
@@ -329,8 +329,8 @@ func TestGetSpec(t *testing.T) {
 			assert.Equal(t, common.HexToHash("TerminalBlockHash"), common.HexToHash(v))
 		case "TERMINAL_TOTAL_DIFFICULTY":
 			assert.Equal(t, "73", v)
-		case "COINBASE":
-			assert.Equal(t, common.HexToAddress("Coinbase"), v)
+		case "FeeRecipient":
+			assert.Equal(t, common.HexToAddress("FeeRecipient"), v)
 		default:
 			t.Errorf("Incorrect key: %s", k)
 		}
diff --git a/cmd/beacon-chain/flags/base.go b/cmd/beacon-chain/flags/base.go
index 58ec24b1aad5..dce19df517b0 100644
--- a/cmd/beacon-chain/flags/base.go
+++ b/cmd/beacon-chain/flags/base.go
@@ -211,9 +211,9 @@ var (
 			"WARNING: This flag should be used only if you have a clear understanding that community has decided to override the terminal block hash activation epoch. " +
 			"Incorrect usage will result in your node experience consensus failure.",
 	}
-	// Coinbase specifies the fee recipient for the transaction fees.
-	Coinbase = &cli.StringFlag{
-		Name:  "coinbase",
+	// FeeRecipient specifies the fee recipient for the transaction fees.
+	FeeRecipient = &cli.StringFlag{
+		Name:  "fee-recipient",
 		Usage: "Post merge, this address will receive the transaction fees produced by any blocks from this node. Default to junk whilst merge is in development state.",
 		Value: hex.EncodeToString([]byte("0x0000000000000000000000000000000000000001")),
 	}
diff --git a/cmd/beacon-chain/main.go b/cmd/beacon-chain/main.go
index fe292a699b7e..d299058c9383 100644
--- a/cmd/beacon-chain/main.go
+++ b/cmd/beacon-chain/main.go
@@ -68,7 +68,7 @@ var appFlags = []cli.Flag{
 	flags.TerminalTotalDifficultyOverride,
 	flags.TerminalBlockHashOverride,
 	flags.TerminalBlockHashActivationEpochOverride,
-	flags.Coinbase,
+	flags.FeeRecipient,
 	cmd.EnableBackupWebhookFlag,
 	cmd.BackupWebhookOutputDir,
 	cmd.MinimalConfigFlag,
diff --git a/cmd/beacon-chain/usage.go b/cmd/beacon-chain/usage.go
index 166b1268408b..101358fffb61 100644
--- a/cmd/beacon-chain/usage.go
+++ b/cmd/beacon-chain/usage.go
@@ -130,7 +130,7 @@ var appHelpFlagGroups = []flagGroup{
 			flags.TerminalTotalDifficultyOverride,
 			flags.TerminalBlockHashOverride,
 			flags.TerminalBlockHashActivationEpochOverride,
-			flags.Coinbase,
+			flags.FeeRecipient,
 		},
 	},
 	{
diff --git a/config/params/config.go b/config/params/config.go
index a99ac50dbca6..4cffc21e4d74 100644
--- a/config/params/config.go
+++ b/config/params/config.go
@@ -182,7 +182,7 @@ type BeaconChainConfig struct {
 	TerminalBlockHash                common.Hash    `yaml:"TERMINAL_BLOCK_HASH" spec:"true"`                  // TerminalBlockHash of beacon chain.
 	TerminalBlockHashActivationEpoch types.Epoch    `yaml:"TERMINAL_BLOCK_HASH_ACTIVATION_EPOCH" spec:"true"` // TerminalBlockHashActivationEpoch of beacon chain.
 	TerminalTotalDifficulty          uint64         `yaml:"TERMINAL_TOTAL_DIFFICULTY" spec:"true"`            // TerminalTotalDifficulty is part of the experimental merge spec. This value is type is currently TBD: https://github.com/ethereum/consensus-specs/blob/dev/specs/merge/beacon-chain.md#transition-settings
-	Coinbase                         common.Address // Coinbase where the transaction fee goes to.
+	FeeRecipient                     common.Address // FeeRecipient where the transaction fee goes to.
 }
 
 // InitializeForkSchedule initializes the schedules forks baked into the config.
diff --git a/proto/prysm/v1alpha1/beacon_block.pb.go b/proto/prysm/v1alpha1/beacon_block.pb.go
index 19d38039d2ce..5ee9faa66a7f 100755
--- a/proto/prysm/v1alpha1/beacon_block.pb.go
+++ b/proto/prysm/v1alpha1/beacon_block.pb.go
@@ -1548,7 +1548,7 @@ type ExecutionPayload struct {
 	unknownFields protoimpl.UnknownFields
 
 	ParentHash    []byte   `protobuf:"bytes,1,opt,name=parent_hash,json=parentHash,proto3" json:"parent_hash,omitempty" ssz-size:"32"`
-	Coinbase      []byte   `protobuf:"bytes,2,opt,name=coinbase,proto3" json:"coinbase,omitempty" ssz-size:"20"`
+	FeeRecipient  []byte   `protobuf:"bytes,2,opt,name=fee_recipient,json=feeRecipient,proto3" json:"fee_recipient,omitempty" ssz-size:"20"`
 	StateRoot     []byte   `protobuf:"bytes,3,opt,name=state_root,json=stateRoot,proto3" json:"state_root,omitempty" ssz-size:"32"`
 	ReceiptRoot   []byte   `protobuf:"bytes,4,opt,name=receipt_root,json=receiptRoot,proto3" json:"receipt_root,omitempty" ssz-size:"32"`
 	LogsBloom     []byte   `protobuf:"bytes,5,opt,name=logs_bloom,json=logsBloom,proto3" json:"logs_bloom,omitempty" ssz-size:"256"`
@@ -1602,9 +1602,9 @@ func (x *ExecutionPayload) GetParentHash() []byte {
 	return nil
 }
 
-func (x *ExecutionPayload) GetCoinbase() []byte {
+func (x *ExecutionPayload) GetFeeRecipient() []byte {
 	if x != nil {
-		return x.Coinbase
+		return x.FeeRecipient
 	}
 	return nil
 }
@@ -2133,53 +2133,53 @@ var file_proto_prysm_v1alpha1_beacon_block_proto_rawDesc = []byte{
 	0x28, 0x0b, 0x32, 0x27, 0x2e, 0x65, 0x74, 0x68, 0x65, 0x72, 0x65, 0x75, 0x6d, 0x2e, 0x65, 0x74,
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 }
 
 var (
diff --git a/proto/prysm/v1alpha1/beacon_block.proto b/proto/prysm/v1alpha1/beacon_block.proto
index 494542a6a786..511b9728f79a 100644
--- a/proto/prysm/v1alpha1/beacon_block.proto
+++ b/proto/prysm/v1alpha1/beacon_block.proto
@@ -360,7 +360,7 @@ message BeaconBlockBodyMerge {
 
 message ExecutionPayload {
     bytes parent_hash = 1 [(ethereum.eth.ext.ssz_size) = "32"];
-    bytes coinbase = 2 [(ethereum.eth.ext.ssz_size) = "20"]; // 'beneficiary' in the yellow paper
+    bytes fee_recipient = 2 [(ethereum.eth.ext.ssz_size) = "20"]; // 'beneficiary' in the yellow paper
     bytes state_root = 3 [(ethereum.eth.ext.ssz_size) = "32"];
     bytes receipt_root = 4 [(ethereum.eth.ext.ssz_size) = "32"]; // 'receipts root' in the yellow paper
     bytes logs_bloom = 5 [(ethereum.eth.ext.ssz_size) = "256"];
diff --git a/proto/prysm/v1alpha1/beacon_state.pb.go b/proto/prysm/v1alpha1/beacon_state.pb.go
index daf02096312a..1248628294aa 100755
--- a/proto/prysm/v1alpha1/beacon_state.pb.go
+++ b/proto/prysm/v1alpha1/beacon_state.pb.go
@@ -1318,7 +1318,7 @@ type ExecutionPayloadHeader struct {
 	unknownFields protoimpl.UnknownFields
 
 	ParentHash       []byte `protobuf:"bytes,1,opt,name=parent_hash,json=parentHash,proto3" json:"parent_hash,omitempty" ssz-size:"32"`
-	Coinbase         []byte `protobuf:"bytes,2,opt,name=coinbase,proto3" json:"coinbase,omitempty" ssz-size:"20"`
+	FeeRecipient     []byte `protobuf:"bytes,2,opt,name=fee_recipient,json=feeRecipient,proto3" json:"fee_recipient,omitempty" ssz-size:"20"`
 	StateRoot        []byte `protobuf:"bytes,3,opt,name=state_root,json=stateRoot,proto3" json:"state_root,omitempty" ssz-size:"32"`
 	ReceiptRoot      []byte `protobuf:"bytes,4,opt,name=receipt_root,json=receiptRoot,proto3" json:"receipt_root,omitempty" ssz-size:"32"`
 	LogsBloom        []byte `protobuf:"bytes,5,opt,name=logs_bloom,json=logsBloom,proto3" json:"logs_bloom,omitempty" ssz-size:"256"`
@@ -1372,9 +1372,9 @@ func (x *ExecutionPayloadHeader) GetParentHash() []byte {
 	return nil
 }
 
-func (x *ExecutionPayloadHeader) GetCoinbase() []byte {
+func (x *ExecutionPayloadHeader) GetFeeRecipient() []byte {
 	if x != nil {
-		return x.Coinbase
+		return x.FeeRecipient
 	}
 	return nil
 }
@@ -1895,52 +1895,53 @@ var file_proto_prysm_v1alpha1_beacon_state_proto_rawDesc = []byte{
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 }
 
 var (
diff --git a/proto/prysm/v1alpha1/beacon_state.proto b/proto/prysm/v1alpha1/beacon_state.proto
index 9b2d6676232a..5991afa7fdaa 100644
--- a/proto/prysm/v1alpha1/beacon_state.proto
+++ b/proto/prysm/v1alpha1/beacon_state.proto
@@ -237,7 +237,7 @@ message BeaconStateMerge {
 
 message ExecutionPayloadHeader {
   bytes parent_hash = 1 [(ethereum.eth.ext.ssz_size) = "32"];
-  bytes coinbase = 2 [(ethereum.eth.ext.ssz_size) = "20"];
+  bytes fee_recipient = 2 [(ethereum.eth.ext.ssz_size) = "20"];
   bytes state_root = 3 [(ethereum.eth.ext.ssz_size) = "32"];
   bytes receipt_root = 4 [(ethereum.eth.ext.ssz_size) = "32"];
   bytes logs_bloom = 5 [(ethereum.eth.ext.ssz_size) = "256"];
diff --git a/proto/prysm/v1alpha1/cloners.go b/proto/prysm/v1alpha1/cloners.go
index 2e8e4d7823f0..f6710e7bf13e 100644
--- a/proto/prysm/v1alpha1/cloners.go
+++ b/proto/prysm/v1alpha1/cloners.go
@@ -384,7 +384,7 @@ func CopyExecutionPayloadHeader(payload *ExecutionPayloadHeader) *ExecutionPaylo
 	}
 	return &ExecutionPayloadHeader{
 		ParentHash:       bytesutil.SafeCopyBytes(payload.ParentHash),
-		Coinbase:         bytesutil.SafeCopyBytes(payload.Coinbase),
+		FeeRecipient:     bytesutil.SafeCopyBytes(payload.FeeRecipient),
 		StateRoot:        bytesutil.SafeCopyBytes(payload.StateRoot),
 		ReceiptRoot:      bytesutil.SafeCopyBytes(payload.ReceiptRoot),
 		LogsBloom:        bytesutil.SafeCopyBytes(payload.LogsBloom),
diff --git a/proto/prysm/v1alpha1/cloners_test.go b/proto/prysm/v1alpha1/cloners_test.go
index 3fb20fd07b81..6368036720fb 100644
--- a/proto/prysm/v1alpha1/cloners_test.go
+++ b/proto/prysm/v1alpha1/cloners_test.go
@@ -586,7 +586,7 @@ func genSyncCommitteeMessage() *v1alpha1.SyncCommitteeMessage {
 func genPayloadHeader() *v1alpha1.ExecutionPayloadHeader {
 	return &v1alpha1.ExecutionPayloadHeader{
 		ParentHash:       bytes(),
-		Coinbase:         bytes(),
+		FeeRecipient:     bytes(),
 		StateRoot:        bytes(),
 		ReceiptRoot:      bytes(),
 		LogsBloom:        bytes(),