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Author Topic: Child Pays for Parent  (Read 491 times)
bitmover
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November 14, 2019, 08:40:42 PM
 #21

then that is the use case for another coin, not bitcoin.
Altcoins might be faster, but at the expense of less security. Have a look at https://github.com/lukechilds/howmanyconfs.com. Unfortunately the site itself has been down for a couple of months, but you can still see screenshots on the github. Even the fastest altcoins are several times slower than bitcoin to reach the same level of security, but the majority are closer to 100x slower or even more. There are also plenty of altcoins, including some major ones, which have been successfully 51% attacked.

Using altcoins has other problems too. I either have to plan all my purchases in advance so I can buy them as needed, or buy them in bulk and then slowly lose value on them since most of them just depreciate in relation to bitcoin. Much rather just use Lightning.

Yes, it is very easy to be fast when security and decentralization are not important. Additionally, most of those coins would be slow if they were as congested as the Bitcoin network.


Doesn't the topic title sound cool?

CPFP- Child Pays for Parent
Cool name indeed Smiley

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RapTarX (OP)
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May 18, 2020, 03:52:20 PM
 #22

Bumping!
Since we have a lot of pending tx ATM and mempool is congested most of the times, CPFP can be a good way to confirm the unconfirmed tx. For using CPFP, make sure you are using a compatible wallet; more explanation- https://bitcointalk.org/index.php?topic=5198274.msg52969242#msg52969242

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