Let’s talk about the mempool.
When the mempool is full, nodes first clear out transactions with the lowest fee rates. Transactions with fees that are too low may also be pushed out of the mempool.
Honestly, I hadn’t paid attention to this next point before either: when receiving a payment, don’t rush to release the goods just because you can see the transaction in the mempool. If it hasn’t been confirmed, it could still be replaced.
$BTC ’s transaction fee is generally quoted in satoshis per virtual byte (sat/vB). The higher the fee rate, the sooner miners are likely to select the transaction.
Knowledge can help you avoid pitfalls, but it can’t replace risk management.
When the mempool is full, nodes first clear out transactions with the lowest fee rates. Transactions with fees that are too low may also be pushed out of the mempool.
Honestly, I hadn’t paid attention to this next point before either: when receiving a payment, don’t rush to release the goods just because you can see the transaction in the mempool. If it hasn’t been confirmed, it could still be replaced.
$BTC ’s transaction fee is generally quoted in satoshis per virtual byte (sat/vB). The higher the fee rate, the sooner miners are likely to select the transaction.
Knowledge can help you avoid pitfalls, but it can’t replace risk management.