How to accelerate Bitcoin?

Encountering a stuck Bitcoin transaction can be frustrating, especially when the cause stems from a miscalculation of transaction fees. If you've inadvertently set your custom fee too low, or the network experiences a sudden surge in demand, resulting in higher fees, your transaction may remain pending indefinitely.

To address this issue, there are two primary strategies you can employ to accelerate a stuck Bitcoin transaction: replace-by-fee (RBF) and child-pays-for-parent (CPFP). Each method offers a unique approach to resolving the problem and getting your transaction confirmed faster.

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Replace-by-fee (RBF) is a feature that allows you to replace a pending transaction with a new one that includes a higher fee. This increased fee acts as an incentive for miners to prioritize your transaction over others, thus accelerating its confirmation. However, it's essential to note that RBF is only available if the transaction was sent with a compatible wallet that supports this feature.

Alternatively, the child-pays-for-parent (CPFP) method involves creating a new transaction that spends the unconfirmed output of the stuck transaction. By attaching a higher fee to this new transaction, you're essentially paying for the priority of the original, stuck transaction. This approach can be effective in situations where RBF is not an option or is unsupported by your wallet.