What is the Replace-By-Fee (RBF) policy?

The replace-by-fee (RBF) policy within the Bitcoin network allows users to substitute pending (unconfirmed) transactions with new ones that offer higher transaction fees. This policy, initially proposed in BIP 125, was integrated into the Bitcoin protocol through the release of Bitcoin Core version 0.12.0 in February 2016.

Read more on our blog: https://ownrwallet.com/en/blog/what-is-the-replace-by-fee-rbf-policy/