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
Bitcoin Optech will be hosting an audio recap discussion of this newsletter with special guests Dave Harding, Gloria Zhao, Johan Torås Halseth and Salvatore Ingala on Twitter Spaces Thursday at 15:00 UTC. Join us to discuss or ask questions!
https://twitter.com/i/spaces/1rmxPkAqDwDJN
Thread collapsed