Rinse and sort the dried black-eyed peas to remove any debris.
In a large pot, combine the peas, chicken broth, onion, garlic, ham hock, salt, pepper, smoked paprika, and bay leaves.
Bring the mixture to a boil, then reduce the heat and simmer for 1.5 to 2 hours, or until the peas are tender.
Stir occasionally and add water if needed to keep the peas covered.
Remove the bay leaves and ham hock before serving. Adjust seasoning with additional salt and pepper if needed.
Serve hot with cornbread or rice, garnished with hot sauce or diced tomatoes if desired.