Academy Lesson child-pays-for-parent

Summary

Fee-bumping method where a child transaction incentivizes parent confirmation.

No security notes for this node yet.

Direction	Relation	Node
Outgoing	PART_OF	Mempool
Outgoing	STRENGTHENS	Transaction

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This node is not part of the guided sequence.

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What is Bitcoin?

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Hover the headers for quick tooltips, then read the short canonical distinction.

Bitcoin is pseudonymous: addresses are public identifiers without built-in real names, but flows can still be traced and clustered.

Nodes enforce consensus rules by validating blocks/transactions. Miners order transactions into blocks and compete in proof-of-work.

Wallets store and manage cryptographic keys used to sign spends. The bitcoin itself exists as UTXOs on the blockchain state.

Bitcoin base layer optimizes final settlement and security. Lightning optimizes speed and cost for day-to-day payment flow.