Ethereum: How to enable replace-by-fee via command-line in bitcoin-core?
Enabling Rewarded Swap via the Command Line in Bitcoin-Core
Rewarded Swap (RBF) is a fascinating feature that allows users to incentivize validators on the Ethereum network to secure the network by rewarding them for their work. If you are new to RBF, this article will walk you through the process of enabling it in your Bitcoin-Core wallet.
Why Rewarded Swap?
Before we dive into how to enable RBF in Bitcoin-Core, let’s quickly discuss why it’s important:
- Incentivizing Validators
: By rewarding them for their work, RBF incentivizes validators to secure the network, reducing the likelihood of spam blocks and promoting a healthy ecosystem.
- Reducing Spam: With more validators incentivized to participate, the number of spam blocks is reduced, making the network more secure and reliable.
Enabling Fee Swapping in Bitcoin-Core
To enable fee swapping via the command line in Bitcoin-Core, you will need to:
- Download the Bitcoin Core wallet: You can download the Bitcoin Core wallet from the official website.
- Start the Bitcoin Core wallet: Once downloaded, start the wallet by running
bitcoincore(without the quotes).
- Set RBF using the
-Coption: The--cutoffand--criterionoptions enable fee swapping in Bitcoin-Core. Here is an example command:
bitcoincore --cutoff=1000000 --criterion="fee > 1" -C
This command sets the fee limit to $1000 and enables RBF. The --cutoff option specifies the maximum fee for a block that is considered “cut off”, while the --criterion option defines the condition under which the validator fee is considered too low.
- Set up fee swap using the
-roption: To enable RBF, you need to set thefee swapflag totrue. Here is an example command:
bitcoincore -C --cutoff=1000000 --criteria="fee > 1" -r
This command enables fee swap in Bitcoin-Core.
Note: Be sure to run these commands with caution as they change the configuration of Bitcoin Core. Be aware of any potential security implications and back up your wallet before making any changes.
By following these steps, you have successfully enabled fee swap via the command line in your Bitcoin-Core wallet. The feature is now live, and its benefits will be felt by all participants on the Ethereum network.
