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Is RBF a common feature in popular cryptocurrencies?

avatarJohnston LodbergDec 18, 2021 · 3 years ago3 answers

What is RBF and is it commonly found in popular cryptocurrencies?

Is RBF a common feature in popular cryptocurrencies?

3 answers

  • avatarDec 18, 2021 · 3 years ago
    RBF 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.
  • avatarDec 18, 2021 · 3 years ago
    Yes, 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.
  • avatarDec 18, 2021 · 3 years ago
    RBF, 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.