The mempool explained in a few sentences:
“Child pays for parent” (CPFP) means spending the output of a stuck transaction and then sending a new transaction with a higher fee. For miners to include the new transaction in a block, they must include the previous transaction too.
Block space is limited, so miners generally prioritize transactions with higher fee rates. That’s why transactions with lower fees have to wait longer when the network is congested.
If a transaction remains unconfirmed for a long time, don’t rush to send another transfer. You can first try Replace-by-Fee (RBF) or Child Pays for Parent (CPFP).
$BTC 75243.69(-1.1%)
#BTC
“Child pays for parent” (CPFP) means spending the output of a stuck transaction and then sending a new transaction with a higher fee. For miners to include the new transaction in a block, they must include the previous transaction too.
Block space is limited, so miners generally prioritize transactions with higher fee rates. That’s why transactions with lower fees have to wait longer when the network is congested.
If a transaction remains unconfirmed for a long time, don’t rush to send another transfer. You can first try Replace-by-Fee (RBF) or Child Pays for Parent (CPFP).
$BTC 75243.69(-1.1%)
#BTC