Crypto Gaming and Earning with Players

The Electrum wallet takes a position on the Full RBF proposal in Bitcoin

Crypto, Bitcoin
Published 1 year ago
ID #1923
QR CODE
1 - 2 of 2
Full Node
The Electrum wallet takes a position on the Full RBF proposal in Bitcoin
Crypto, Bitcoin,
Published 1 year ago

X-Node Details

Electrum, one of the Bitcoin wallets with the longest history in the ecosystem, showed on its Twitter account its support for the proposal to add Full RBF to the Bitcoin protocol.

In a tweet where they refer to the popular bitcoiner saying if it's not your keys, it's not your coins, the Electrum team added: if it's not confirmed, it's not your coins either.

The purpose of this procedure is to speed up the payment and for the transaction to be added to a block more quickly. It should be noted that once the payment already has a confirmation, RBF does not take effect.

The replacement of commissions of a transaction is already possible in Bitcoin, but it is an option that is available to the creators of wallets to offer it to their users or not. If Full RBF is activated, the possibility of replacing the commissions would be available to all Bitcoin users, regardless of the wallet they use to interact with the network and make their payments.

Full RBF is a proposal that consists of adding to the Bitcoin protocol the possibility for a user to replace the commission paid for a transaction.

The debate on whether or not to add Full RBF to Bitcoin

Bitcoin developers have been discussing for several weeks whether or not to add Full RBF to the bitcoin code and, if so, how and when it would be most appropriate to do so.

There is a group of developers in favor of Full RBF who argue that its implementation can prevent vulnerabilities in future attack vectors.

Full RBF would make it easy to scam these platforms. Therefore, those who receive payments without confirmations would have to abandon this practice and always wait at least 10 minutes for the payment to be confirmed.


Vote
Result 4 votes

 

Contact seller

    estefania
    User-Chain-Block
    You must log in or register a new account in order to contact the advertiser.

    Comments

    Question? Need more information? Want to ask question? Add new comment...
    Ask questions related to this listing only.
    Comments are moderated.
    Add new comment
    Full Node

    Seller's info

    estefania
    User-Chain-Block

    X-NODE Location

    Crypto, Bitcoin
    Electrum BTC Wallet RBF Bitcoin