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Chapter Five: Empowering Bitcoin Transactions
The bitcoin-cli interface is ultimately limited. Nonetheless, it contains a few other options including sequence (which is used for RBF), data (for OP_RETURNs), and locktime (for Locktime). These can considerably empower your basic Bitcoin transactions.
Objectives for This Section
After working through this chapter, a developer will be able to:
- Decide Whether RBF or CPFP Might Help a Transaction
- Create Transactiosn with Data
- Create Transactions with Locktimes
Supporting objectives include the ability to:
- Understand the Mempool
- Use RBF or CPFP to Free Up a Stuck Transaction
- Plan for the Power of RBF
- Plan for the Power of OP_RETURN
- Plan for the Power of Locktime