Video: Mempools, Child Pays For Parent and Package Relay
In this episode of The Van Wirdum Sjorsnado, the hosts discuss Bitcoin mempools and the development of technical tricks that work with them. The post Video: Mempools, Child Pays For Parent and Package Relay appeared first on Bitcoin Magazine.
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Bitcoin development nonprofit Brink has awarded its first fellowship to Gloria Zhao, who will work on package relay for Bitcoin mempools. The post Gloria Zhao And Brink Are Set To Give Bitcoin Mempools An Upgrade appeared first on Bitcoin Magazine.
The torment of waiting hours for a Bitcoin transactions to confirm is officially over, thanks to a little-known trick called ‘child-pays-for-parent’ (CPFP). Transactions in Seconds from Most Wallets. A Reddit post by user super3 Friday states that if a transaction is sitting idle due to a low (or ‘standard’) fee, a CPFP transaction may be created to speed it up – drastically. An unnamed developer reportedly confirmed the validity of the trick, which can be used with a variety of popular wallets. “I learned from one of the developers that works with me that you can use child-pays-for-parent....
ConsenSys, a blockchain technology company, and Ethereum have developed BTC Relay, an Ethereum contract that allows Ethereum users to pay with bitcoin. Servicing as a bridge between Ethereum and bitcoin, BTC Relay is a tool for developers who want to verify bitcoin transactions for Ethereum and smart contract applications. Community members, called Relayers, provide BTC Relay with new bitcoin block headers generated by bitcoin miners. Ethereum app developers can make API calls to BTC Relay from smart contracts to verify bitcoin network activities. Anyone can join the Ethereum network and....
On Saturday, politicians in the U.S. approved the massive $1.9 trillion Covid-19 relief package dubbed President Biden’s “American Rescue Plan.” The stimulus plan will see American citizens earning $75k or less eligible to receive $1,400. Moreover, households will get an additional $1,400 for every dependent child claimed. Despite the direct cash payments, Biden’s American Rescue Plan is also filled with pork-barrel items that have nothing to do with coronavirus relief. The So-Called ‘American Rescue Plan’ Americans are expecting a third stimulus check....
A new stimulus package costing about $2.4 trillion is being prepared in the U.S. that includes a second round of stimulus checks for Americans. Since the first coronavirus stimulus package was signed into law, talks of further relief aid have stalled. This new proposal aims to restart the stimulus package discussion. Nancy Pelosi Plans to Introduce a $2.4 Trillion Stimulus Package House Democrats are reportedly putting together a new coronavirus stimulus plan that would cost about $2.4 trillion, which is roughly $1 trillion less than their previous proposal. CNBC described on Saturday: The....