pull down to refresh
Thanks for the feedback @lightcoin
You're right, there’s a typo in the last graphic, I’ll update it
I planned to cover fee rates in a separate post to keep this one concise but will add a quick clarification to avoid confusion
reply
Is there a typo in the last graphic in your post, which shows an arrow going from
Tx 2in the mempool toTx 3in the block? And same for arrow going fromTx 3in mempool toTx 2in block.Also, although you say you will discuss fee rates in the next article, I think it has to be discussed here, at least so long as you are making claims like "To maximize their revenue, miners prioritize transactions that pay higher fees", which is not true, miners prioritize fee rates, not total fees. This is further confused in the last graphic where it shows a
7000 satsfee tx getting prioritized over5000 satsand4000 satstransactions. Strictly speaking the miner would be looking at the fee rate and prioritizing accordingly (knapsack problem aside...)