Bitcoin Optech on Nostr: Waiting for confirmation #4: Feerate estimation Last week, we explored techniques for ...
Waiting for confirmation #4: Feerate estimation
Last week, we explored techniques for minimizing the fees paid on a transaction given a feerate. But what should that feerate be? Ideally, as low as possible to save money, but high enough to secure a spot in a block suitable for the user’s time preference.
The goal of fee(rate) estimation is to translate a target timeframe for confirmation to a minimal feerate the transaction should pay...
https://bitcoinops.org/en/newsletters/2023/06/07/#waiting-for-confirmation-4-feerate-estimation
Last week, we explored techniques for minimizing the fees paid on a transaction given a feerate. But what should that feerate be? Ideally, as low as possible to save money, but high enough to secure a spot in a block suitable for the user’s time preference.
The goal of fee(rate) estimation is to translate a target timeframe for confirmation to a minimal feerate the transaction should pay...
https://bitcoinops.org/en/newsletters/2023/06/07/#waiting-for-confirmation-4-feerate-estimation