Child Pays For Parent (CPFP)

Child Pays For Parent (CPFP) is a transaction fee mechanism in Bitcoin and other blockchain networks where a new transaction, called the “child,” includes a higher fee to expedite the confirmation of a previous unconfirmed transaction, referred to as the “parent.”

This method incentivizes miners to process both transactions together, overcoming delays caused by low transaction fees in the parent transaction.

CPFP is often used during periods of high network congestion or when users accidentally set insufficient fees for their initial transactions.

More Definitions

Transaction Fee

The cost of executing and verifying a transaction on a blockchain network is known as a transaction fee. Users frequently have to pay miners or validators a fee in order for them to prioritize and add their transactions to the blockchain.

Bitcoin

Bitcoin, often referred to as "digital gold," is the first decentralized cryptocurrency created by a person or group of people known as Satoshi Nakamoto. Operating on a peer-to-peer network without the need for intermediaries, Bitcoin enables secure and transparent transactions that are recorded on a public ledger known as the blockchain.

No spam, unsubscribe anytime Free forever

I consent to the processing of my email address for the purpose of receiving regular marketing emails from Agile Content Ltd’s brands, about online gambling products and services.

You have the right to withdraw your consent at any time by simply clicking the ‘unsubscribe’ link included in all emails you will receive from us.

We are committed to the protection of your personal data and will only process it in accordance with applicable data protection legislation. For more information about how we treat your personal data, please review our Privacy Notice.

Spin the wheel & win daily rewards

Earn XP and boost your Citizen level.

One spin per day for registered Citizens. XP adds directly to your account.