bitcoin-dev
Libre Relay v27.1 released with lower 1.25x replacement threshold
Posted on: June 22, 2024 14:29 UTC
In the recent incident involving a Lightning node, a pinning situation arose which highlights a recurring issue within the network.
This particular instance involved an RBFR transaction that was increased in fee via the Replace-By-Fee (RBF) method not just once, but twice before it was successfully mined. Intriguingly, despite the multiple fee increases, the cumulative fees of these transactions were still lower than those of the initial transaction that caused the pinning. F2Pool played a crucial role in resolving this problem by facilitating the mining process. For more detailed insights, Peter Todd's work can be explored through his website, available at https://petertodd.org. This situation underscores the complexities and challenges inherent in managing transaction fees and mining priorities within the Bitcoin network, particularly concerning Lightning nodes where such pinning issues can significantly impact network efficiency and cost.