Post
Topic
Board Bitcoin Technical Support
Re: A complete idiot's guide to child pays for parent?
by
d4n13
on 14/07/2015, 04:02:21 UTC
This is possible only if your "parent" transaction moved funds to you.
Usually either the sender or the receiver can perform CPFP, since USUALLY they both have UTXOs in the transaction.

A "normal" transaction will look like this.

$SenderAddr -> { $RecieverAddr, $SenderChange }

So the TXN can be "pulled" out of the mempool by either the sender spending $SenderChange, or the receiver spending $RecieverAddr.

I would really love to see some wallet maker add a "CPFP This" button.  I've asked for as much and hopefully one of the wallets will consider doing this in 2015.  There are some bounties put on similar requests.

https://github.com/d4n13/bips/blob/master/bip-00nn.mediawiki