Is RBF a common feature in popular cryptocurrencies?
Johnston LodbergDec 18, 2021 · 3 years ago3 answers
What is RBF and is it commonly found in popular cryptocurrencies?
3 answers
- Dec 18, 2021 · 3 years agoRBF stands for Replace-By-Fee, which is a feature that allows users to replace an unconfirmed transaction with a new one that includes a higher fee. This feature is not commonly found in popular cryptocurrencies as it can potentially be used to double-spend coins. However, some cryptocurrencies, such as Bitcoin, do support RBF, but it is not enabled by default. Users need to specifically opt-in to use this feature. It is important to note that RBF is a controversial feature and is not widely adopted by most cryptocurrencies.
- Dec 18, 2021 · 3 years agoYes, RBF is a feature that allows users to replace an unconfirmed transaction with a new one that includes a higher fee. However, it is not commonly found in popular cryptocurrencies. While some cryptocurrencies, like Bitcoin, support RBF, it is not widely used due to its potential for abuse. RBF can be used to double-spend coins, which is why many cryptocurrencies choose not to implement this feature. Instead, they focus on other solutions to improve transaction speed and fee predictability.
- Dec 18, 2021 · 3 years agoRBF, or Replace-By-Fee, is a feature that allows users to replace an unconfirmed transaction with a new one that includes a higher fee. While it is not commonly found in popular cryptocurrencies, there are some cryptocurrencies that support RBF, such as Bitcoin. However, it is important to note that RBF is not enabled by default and users need to specifically opt-in to use this feature. It is also worth mentioning that RBF is a controversial feature, as it can potentially be used to double-spend coins. Therefore, it is not widely adopted by most cryptocurrencies.
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