Author: Tom Harding 2023-05-12 00:06:51
Published on: 2023-05-12T00:06:51+00:00
On bitcoin-dev, a user named vjudeu proposed a new method of replacing transactions with multiple smaller transactions. The proposal suggests that transactions paying "fee > sum" can be replaced by N transactions paying "fee < sum". This would allow users to split up large transactions into smaller ones, potentially saving on fees. The proposal sparked discussion among members of the bitcoin development community, with some expressing concern about the potential impact on the network's mempool and block size. Others pointed out that this approach could improve fee estimation for users and reduce the risk of overpaying for transactions.Overall, the proposal raises interesting questions about the tradeoffs between transaction size, fees, and network congestion. It remains to be seen whether this idea will be implemented or how it might affect the broader bitcoin ecosystem. However, it is clear that innovation and experimentation are still alive and well in the world of cryptocurrency development.
Updated on: 2023-06-16T18:24:00.495468+00:00