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The Cryptonomics™ > Bitcoin > exchange by price – Can we cancel Bitcoin transaction like Ethereum transaction with identical nonce however increased fuel price?
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exchange by price – Can we cancel Bitcoin transaction like Ethereum transaction with identical nonce however increased fuel price?

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Last updated: August 28, 2024 6:43 am
admin Published August 28, 2024
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exchange by price – Can we cancel Bitcoin transaction like Ethereum transaction with identical nonce however increased fuel price?


I want to make use of BTC transactions to purchase some shares. If the shares are full(eg. it solely counts on first 100BTC ), can my unconfirmed transactions be cancelled? As a result of even when they’re mint later, they’re invalid transactions. Can I exploit RBF or different strategies to ship a transaction with identical enter to myself with increased price fee (however much less whole transaction charges) similar to we do in Ethereum?

I’ve tried with electrum to cancel transaction, however the result’s the brand new transaction’s whole price is increased than the outdated transaction’s whole price, not solely the fee_rate is increased.

For instance, the origin transaction is 100 fee_rate and price 10000sats, the brand new transaction I exploit to cancel the origin one is ready to 120 fee_rate and whole price is 6000sats, however the transaction despatched by electrum is ready to 220 fee_rate and whole price is 11000 sats.

So I can not get monetary savings to cancel the transaction, which is the aim I wish to cancel.

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