14

A feature available through pull #1647 gives the recipient of a transaction a method to help get a transaction to confirm.

This feature is called "child pays for parent", and what it means is that the recipient of a transaction can create a new transaction using funds from the unconfirmed transaction, but any fee paid would help get both transactions confirmed.

A scenario where this is useful is where a merchant requires that a transaction have three or six confirmations before the item will be shipped out, but the payment the customer made ended up being a low-priority transaction due to it including many Bitcoin "dust" inputs. The merchant then creates a spend transaction using the funds received but pays a fee that will encourage miners to include both transactions.

Since this feature is not in the Bitcoin-Qt/bitcoind client, only miner pools that have a custom client that includes this pull will consider the fee paid by any child transactions when determining if a transaction should get included into a block.

Are there any miner pools or large solo miners who are running with this feature?

  • "Replace by fee" is another method increasing the priority of a transaction, but in this instance it would be the sender who submits a later transaction with a greater fee. No miners or pools have claimed that they have implemented this patch. More info: bitcoin.stackexchange.com/questions/10733/… – Stephen Gornick Jul 20 '13 at 2:33
5

According to an offshoot reply in bitcoin-talk it appears that the only mention of this protocol comes from Luke-Jr on Github. Another topic on bitcoin-talk mentioned that his pool, elegeius, implements this patch.

https://bitcointalk.org/index.php?topic=173169.0

On the eligius FAQ page http://eligius.st/~gateway/faq/following-applies-transactions-being-processed-our-blocks

It mentions specifically = Transaction processing/priority contracts are available (talk to Luke-Jr).

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.