Cryptocurrency Q&A
How to boost Bitcoin transaction fee?
How to boost Bitcoin transaction fee?
Silvia
Wed Dec 11 2024
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5 answers
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To increase the Bitcoin transaction fee, you can consider adjusting the fee rate or adding additional inputs to increase the transaction size. However, it's important to note that higher fees do not necessarily mean faster or more reliable transactions. It's recommended to monitor the blockchain's current traffic and fee levels before deciding on a fee amount.
5 answers
Martino
Fri Dec 13 2024
With RBF, a user can replace a previously submitted transaction with a new version.
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KDramaCharm
Fri Dec 13 2024
The key difference between the original and new transaction is the fee attached to it.
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KimonoElegant
Fri Dec 13 2024
By increasing the fee in the new transaction, it becomes more appealing to miners.
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Starlight
Fri Dec 13 2024
Replace-by-fee, also known as RBF, is a mechanism that allows users to update an unconfirmed transaction.
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Moonshadow
Fri Dec 13 2024
Miners prioritize transactions with higher fees, as it increases their earnings.
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