NwanKwo Chidiebere Godswill
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Accelerating Stuck Transactions: Understanding the Child-Pays-For-Parent (CPFP) Mechanism in Cryptocurrency
In the world of cryptocurrency, transaction fees are a critical component that ensures the smooth operation of blockchain networks. However, there are instances where transactions become stuck in the mempool due to low fees, leading to delays in confirmation. To mitigate this issue, the Child-Pays-For-Parent (CPFP) mechanism was introduced. In this article, we'll dive into the CPFP mechanism, how it works, and its significance in enabling faster and more reliable cryptocurrency transactions.
By NwanKwo Chidiebere Godswillabout a year ago in The Chain
Tigran Gambaryan Still In Nigeria And May Stay Beyond September
Senior Executive at Binance, Tigran Gambaryan, Remains Detained in Nigeria: The Reasons Behind His Continued Custody. The ongoing detention of Tigran Gambaryan, a senior executive at Binance, has drawn considerable global attention. Gambaryan was detained in Nigeria amid allegations of fraudulent activities linked to Binance's operations within the country. While the company has been working to secure his release, citing health reasons, recent developments indicate that the Nigerian government is unlikely to release him in September. The refusal to release Gambaryan stems from two main factors: the government's resistance to external pressure and concerns over its national image, as well as the ongoing legal proceedings against him.
By NwanKwo Chidiebere Godswillabout a year ago in The Chain
