replace-by-fee

2 entries

Satoshi Nakamoto describes a possible design for transaction replacement — allowing a double-spend with a higher fee to replace the original transaction. This concept would later become known as Replace-by-Fee (RBF). Peter Todd replied to this post approximately 1.5 hours later.

November 3, 2015 GitHub

BIP 125 — Opt-in Full Replace-by-Fee Signaling

David A. Harding ↔ Peter Todd

Defined a signaling mechanism for opt-in Replace-by-Fee (RBF), allowing unconfirmed transactions to be replaced by new versions with higher fees. RBF improved fee estimation and market efficiency but was controversial for its impact on zero-confirmation transaction security.

replace-by-fee

Fees in BitDNS confusion

BIP 125 — Opt-in Full Replace-by-Fee Signaling