Dynamic fees, Child pays for parent and Replace by fee are the solutions they have provided. These are amazing solutions and people should start using them, if they want faster confirmations!
However they aren't the only ones that are providing with solutions for faster confirmations. Services like BitGo, Shapeshift, BitPay, Gemini and Coinbase provide 0-confirmation solutions.
Right now, the mem pool is about 40MB and these transactions will be cleared over the next few days. The average fee is 7 cents (really low) and in order to get confirmed in the next block you need to pay 30 cents (how horrible life is!!!).
If someone wants to send a tx to himself, he doesn't have to pay a high fee there is no fear of double spending himself (lol), so he can probably wait. If in the meantime he decides that he needs to use his Bitcoins, CPFP and RBF, are there to the rescue!
submitted by /u/shadowboyah [link] [comments] Read more /u/shadowboyah