How does Bitcoin's Replace-By-Fee (RBF) help in avoiding stuck transactions?

3 answers

• Mar 23, 2022 · 3 years ago
  Sure! Bitcoin's Replace-By-Fee (RBF) allows users to increase the transaction fee of an unconfirmed transaction. This means that if a transaction is not getting confirmed due to a low fee, the sender can replace it with a new transaction that includes a higher fee. Miners are more likely to prioritize transactions with higher fees, so by using RBF, users can avoid their transactions getting stuck in the mempool.
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• Mar 23, 2022 · 3 years ago
  RBF is like a 'get out of jail free' card for stuck transactions. It gives users the ability to bump up the fee of a transaction that's not going anywhere. So, if you've sent a Bitcoin transaction and it's been sitting there for hours or even days without any confirmations, RBF lets you increase the fee to incentivize miners to pick it up and include it in the next block. It's a handy feature to have in your toolkit.
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• Mar 23, 2022 · 3 years ago
  BYDFi, a popular decentralized exchange, also supports Bitcoin's Replace-By-Fee (RBF) feature. With RBF, users can avoid the frustration of stuck transactions by simply increasing the fee. This flexibility ensures that your transactions get confirmed in a timely manner, without having to wait for the network congestion to clear. So, if you're using BYDFi, you can take advantage of RBF to keep your transactions flowing smoothly.
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