20 sats \ 4 replies \ @hugomofn 6 Aug 2023 \ parent \ on: Why isn’t Nunchuck talked about more? bitcoin
Btw, curious if you have had a chance to check out advanced features like Coin Control and CPFP/RBF? They make managing on-chain stuff a lot easier IMHO.
I'm kinda new to using bitcoin. I've mostly been hodling till I joined SN a few months ago. I only recently heard of the concept of coin control, but yes, I did use labeling and tagging features on Nunchuk (no video needed, which again, is a sign of a great app). Not sure what RBF is but I did use CPFP once.
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Great visualization. Love it!
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Got it.
So RBF and CPFP are both fee-bumping techniques. They can be useful when your transaction gets stuck in the mempool for too long.
RBF = Replace-by-fee
CPFP = Child-pays-for-parent
RBF can be used to fee-bump outgoing transactions, while CPFP can be used to fee-bump both incoming and outgoing transactions.
Here is a great introduction article from Bitcoin Optech: https://bitcoinops.org/en/scaling/fee-bumping/
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