We've ((("estimating","fee rates", id="estimate-fee-rate")))established that you can pay a lower fee rate if you're willing to
We've ((("estimating fee rates", id="estimate-fee-rate")))established that you can pay a lower fee rate if you're willing to
wait longer for your transaction to be confirmed, with the exception
that paying too low of a fee rate could result in your transaction never
confirming. Because fee rates are bids in an open auction for block
@ -186,7 +186,7 @@ rate and it will be confirmed earlier than expected. There's no way to
lower the fee rate on a transaction you've already sent, so you're stuck
paying a higher fee rate. But, when fee rates go up, there's a need for
methods to be able to increase the fee rates on those transactions,
which is called _fee bumping_. There are two commonly used types of((("transaction fees", "fee rates", startref="fees-rates")))((("fee rates", startref="fee-rate")))((("estimating","fee rates", startref="estimate-fee-rate"))) fee
which is called _fee bumping_. There are two commonly used types of((("transaction fees", "fee rates", startref="fees-rates")))((("fee rates", startref="fee-rate")))((("estimating fee rates", startref="estimate-fee-rate"))) fee
bumping in Bitcoin, replace by fee (RBF) and child pays for parent