We use cookies to improve your browsing experience.
By continuing browsing, accepting or closing this message you consent to our use of cookies.

Curated Videos ๐Ÿ“ฝ๏ธ from the Crypto Ecosystem

Use our crypo video-library to discover awesome cryptocurrency and blockchain content. Explore our categories to find the best videos to stay in the loop of all the trends of the Crypto Ecosystem.

Bitcoin Fees: What are RBF and CPFP? What to do if my bitcoin transaction gets stuck?!?

aantonop
16th March 2021

What can you do if your bitcoin transaction is stuck? There are two technical options your bitcoin wallet might give you to deal with stuck bitcoin transactions, these are replace by fee and child pays for parent. In this video, Andreas explains what these things are and how to use them.

Chapters
0:00 Can you explain the difference between replace by fee and child pays parent? What are the use cases?
0:48 What is the replace by fee (RBF) feature on some bitcoin wallets?
1:54 RBF is something the sender of a transaction does
2:52 What is child pays for parent?
3:02 CPFP is something the sender or recipient or sometimes by any third party can do to get a stuck transaction confirmed. How does it work?
4:08 What is a chained transaction?
4:30 Understanding mining incentives and fee per byte
5:54 Use case
7:00 Difference between replace by fee (RBF) and child pays for parent (CPFP)
7:45 Lightning network use case

You can learn how to get a better wallet from aaantonop's Choose Your Wallet workshop: https://aantonop.io/takeaworkshop. It's got a ton of 5 star reviews and a money back guarantee, so you've got nothing to lose.

COMMENT below and let us know what you think of the video. Post your follow-up questions there too!

SUBSCRIBE to this YouTube channel and select the bell ๐Ÿ”” for notifications: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ?sub_confirmation=1

JOIN this YouTube channel to become a YouTube Community Member and access custom emoji and other perks: https://www.youtube.com/channel/UCJWCJCWOxBYSi5DhCieLOLQ/join

BECOME a Community Builder: https://patreon.com/aantonop

LEARN from Andreas in one of his popular Workshops which will teach you practical crypto skills. Thereโ€™s even a FREE Intro to Bitcoin & Open Blockchains to get you started. https://aantonop.io/takeaworkshop

You can also learn from one of aantonop's many books. Andreas has written three technical books for developers about blockchain technology, Mastering Bitcoin, Mastering Ethereum, and Mastering the Lightning Network (2021) published by Oโ€™Reilly Media. Heโ€™s also written The Internet of Money Series books, which explain why bitcoin, ethereum, and open blockchains matter.

About aantonop: Andreas isn't promoting a company or an organization; he's paid by the community (people who support this work on Patreon and YouTube) and provides an unbiased look at open blockchain technologies, what they can do for our societies, and how to get involved (if you decide you want to). Learn more at https://aantonop.com

From Andreas: You may already know that my mission is to educate as many people as possible about #Bitcoin and open blockchain technologies. Watching these videos and sharing them with others is a big part of that. Thank you for being part of this mission.

*Learn More From Andreasโ€™ Workshops, Books & Events
Amazon & Kindle: http://www.amazon.com/-/e/B00MVAG8Z8
Audible: https://www.audible.com/author/Andreas-M-Antonopoulos/B00MVAG8Z8
E-books & Merch: https://aantonop.io/shop
Patreon: https://patreon.com/aantonop
Website: https://aantonop.com
Workshops: https://aantonop.com/workshops

Connect with Andreas on Socials
Facebook: https://www.facebook.com/AndreasMAntonopoulos
Instagram: https://www.instagram.com/amantonop/
LinkedIn: https://www.linkedin.com/company/aantonop/
Twitter: https://twitter.com/aantonop

Thanks for watching, sharing, and subscribing!

Loading...