Someone asked: After a transaction is broadcast but before it’s on-chain, where does it sit?
My answer: “Child Pays for Parent” (CPFP) means spending the output of a stuck transaction and creating a new transaction with a high fee. For miners to include the new transaction, they have to include the previous one too. While a transaction is still in the mempool, it hasn’t been added to the blockchain and may still be replaced or removed before it’s included in a block.
$BTC 81208.98（-2.66%）
If anything wasn’t clear, leave me a comment and ask.
#BTC
My answer: “Child Pays for Parent” (CPFP) means spending the output of a stuck transaction and creating a new transaction with a high fee. For miners to include the new transaction, they have to include the previous one too. While a transaction is still in the mempool, it hasn’t been added to the blockchain and may still be replaced or removed before it’s included in a block.
$BTC 81208.98（-2.66%）
If anything wasn’t clear, leave me a comment and ask.
#BTC