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The Van Wirdum Sjorsnado - Mempools, Child Pays for Parent, and Package Relay - NADO 19

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Manage episode 279305775 series 2576741
BTC Media에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 BTC Media 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost discussed Bitcoin mempools, Child Pays For Parent (CPFP) and package relay. Package relay is the project that Gloria Zhao will work on as part of her Brink fellowship, which was announced earlier this week, and would make the Lightning Network more robust (among other benefits). Mempools are the collections of unconfirmed transactions stored by nodes, from which they forward transactions to peers. Miners usually select the transactions from their mempools that include the highest fees, to include these in the blocks they mine. Mempools can get full, however, at which point transactions that pay the lowest fees are ejected. This is actually a problem in context of CPFP, a trick that lets users speed up low-fee transactions by spending the coins from that transactions in a new transaction with a high fee to compensate. Tricks like these can be particularly important in the context of time-sensitive protocols like the Lightning Network. In this episode, van Wirdum and Provoost explained how package relay could enable CPFP, even in cases where low-fee transactions are dropped from mempools, by bundling transactions into packets. And they explore why this may be easier said than done.

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Manage episode 279305775 series 2576741
BTC Media에서 제공하는 콘텐츠입니다. 에피소드, 그래픽, 팟캐스트 설명을 포함한 모든 팟캐스트 콘텐츠는 BTC Media 또는 해당 팟캐스트 플랫폼 파트너가 직접 업로드하고 제공합니다. 누군가가 귀하의 허락 없이 귀하의 저작물을 사용하고 있다고 생각되는 경우 여기에 설명된 절차를 따르실 수 있습니다 https://ko.player.fm/legal.

In this episode of The Van Wirdum Sjorsnado, hosts Aaron van Wirdum and Sjors Provoost discussed Bitcoin mempools, Child Pays For Parent (CPFP) and package relay. Package relay is the project that Gloria Zhao will work on as part of her Brink fellowship, which was announced earlier this week, and would make the Lightning Network more robust (among other benefits). Mempools are the collections of unconfirmed transactions stored by nodes, from which they forward transactions to peers. Miners usually select the transactions from their mempools that include the highest fees, to include these in the blocks they mine. Mempools can get full, however, at which point transactions that pay the lowest fees are ejected. This is actually a problem in context of CPFP, a trick that lets users speed up low-fee transactions by spending the coins from that transactions in a new transaction with a high fee to compensate. Tricks like these can be particularly important in the context of time-sensitive protocols like the Lightning Network. In this episode, van Wirdum and Provoost explained how package relay could enable CPFP, even in cases where low-fee transactions are dropped from mempools, by bundling transactions into packets. And they explore why this may be easier said than done.

  continue reading

726 에피소드

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