Let’s talk about on-chain transfers.
While a transaction is waiting in the mempool to be included in a block, some wallets offer an “acceleration” feature. It works by submitting a replacement transaction with a higher fee, but it isn’t guaranteed to succeed.
In short, on-chain irreversibility can benefit the recipient: once the funds have enough confirmations, there’s no need to worry about the sender reversing the payment afterward.
$BTC is now at 81404.04.
#BTC
This may not be accurate, so don’t treat it as advice.
While a transaction is waiting in the mempool to be included in a block, some wallets offer an “acceleration” feature. It works by submitting a replacement transaction with a higher fee, but it isn’t guaranteed to succeed.
In short, on-chain irreversibility can benefit the recipient: once the funds have enough confirmations, there’s no need to worry about the sender reversing the payment afterward.
$BTC is now at 81404.04.
#BTC
This may not be accurate, so don’t treat it as advice.