Post
Topic
Board Development & Technical Discussion
Re: The Undo Transaction
by
ABCbits
on 13/01/2025, 10:06:16 UTC
Jokes aside, people already can "undo" or "cancel" their unconfirmed transaction thanks to existence of RBF and full-RBF. They just need to use wallet which support such feature, such as Electrum.
My idea of RBF is when your transaction is unconfirmed after a long time of being initiated, maybe miners dropped it because of low transaction fee, you can initiate another transaction with a higher fee to replace the former. If this happens, it means the later transaction is still going to be broadcasted in the network. How then do we replace the former and ensure that the later is also not processed in the network.

Sorry if my question appears amateur. Last week I read about RBF (Replace by Fee) and CPFP (Child Pay for Parent).

If you want to ensure both former (1st) and later (2nd) transaction never confirmed, you justneed to create 3rd transaction using RBF or full-RBF feature.

--snip--
Your wallet could add a delay before broadcasting, but that's just moving the "you should check it"-part and makes your transaction slower.

Some people already complain their transaction isn't confirmed fast enough, so i doubt wallet provider would do that. IMO it's more likely wallet provider either add more warning or more detailed transaction preview.