Cryptocurrency Q&A
What is child pays for parent CPFP?
What is child pays for parent CPFP?
GalaxyWhisper
Sun Dec 15 2024
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7 answers
2113
I'm trying to understand the concept of Child Pays For Parent (CPFP) in the context of cryptocurrency transactions. Could someone explain what it is and how it works?
7 answers
EclipseChaser
Mon Dec 16 2024
Child-Pays-for-Parent is a transaction mechanism designed with a purpose akin to Replace-by-Fee (RBF).
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Eleonora
Mon Dec 16 2024
This mechanism is particularly useful when the initial transaction fee is too low, causing delays.
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MatthewThomas
Mon Dec 16 2024
By initiating a child transaction with a higher fee, the recipient can essentially "push" the parent transaction through the network.
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SeoulSerenitySeekerPeace
Mon Dec 16 2024
RBF enables the sender to expedite the confirmation process of a transaction by offering a higher fee.
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benjamin_cole_nurse
Mon Dec 16 2024
BTCC, a leading cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet management.
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