flywithu/Learning-Bitcoin-from-the-Command-Line
1
1
Fork 0
mirror of https://github.com/ChristopherA/Learning-Bitcoin-from-the-Command-Line.git synced 2026-02-16 14:12:48 +00:00
Code Issues Releases Wiki Activity

moving BIP info

Browse Source
This commit is contained in:
Shannon Appelcline 2026-02-05 12:58:32 -10:00 committed by GitHub
parent f47ed04e78
commit e281e38800
No known key found for this signature in database
GPG Key ID: B5690EEEBB952194
1 changed files with 0 additions and 2 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
05_2_Resending_a_Transaction_with_RBF.md
View File

@ -61,8 +61,6 @@ This means that the sequence number must be set to less than 0xffffffff-1. (4294
> 4. The replacement transaction must pay for its own bandwidth in addition to the amount paid by the original transactions at or above the rate set by the node's minimum relay fee setting. For example, if the minimum relay fee is 1 satoshi/byte and the replacement transaction is 500 bytes total, then the replacement must pay a fee at least 500 satoshis higher than the sum of the originals.
> 5. The number of original transactions to be replaced and their descendant transactions which will be evicted from the mempool must not exceed a total of 100 transactions.
> :book: ***What is a BIP?*** A BIP is a Bitcoin Improvement Proposal. It's an in-depth suggestion for a change to the Bitcoin Core code. Often, when a BIP has been sufficiently discussed and updated, it will become an actual part of the Bitcoin Core code. For example, BIP 125 was implemented in Bitcoin Core 0.12.0.
The other thing to understand about RBF is that in order to use it, you must double-spend, reusing one or more the same UTXOs. Just sending another transaction with a different UTXO to the same recipient won't do the trick (and will likely result in your losing money). Instead, you must purposefully create a conflict, where the same UTXO is used in two different transactions.
Faced with this conflict, the miners will know to use the one with the higher fee, and they'll be incentivized to do so by that higher fee.