From fbb16d6f22247acb827db31e0853cdeee0a91320 Mon Sep 17 00:00:00 2001
From: hunicus <93150691+hunicus@users.noreply.github.com>
Date: Tue, 7 Jun 2022 14:52:06 -0400
Subject: [PATCH] Change projected to mempool in feerate faq
---
frontend/src/app/docs/api-docs/api-docs-data.ts | 2 +-
1 file changed, 1 insertion(+), 1 deletion(-)
diff --git a/frontend/src/app/docs/api-docs/api-docs-data.ts b/frontend/src/app/docs/api-docs/api-docs-data.ts
index 68415188e..7e653ac8d 100644
--- a/frontend/src/app/docs/api-docs/api-docs-data.ts
+++ b/frontend/src/app/docs/api-docs/api-docs-data.ts
@@ -6107,7 +6107,7 @@ export const faqData = [
showConditions: bitcoinNetworks,
fragment: "looking-up-fee-estimates",
title: "How can I look up fee estimates?",
- answer: "See real-time fee estimates on the main dashboard.
Here is an overview of Mempool's feerate suggestions:
- High Priority. This figure is the median feerate of transactions in the first projected block. Consider using this feerate if you want confirmation as soon as possible.
- Medium Priority. This figure is the average of the median feerate of the first projected block and the median feerate of the second projected block.
- Low Priority. This figure is the average of the Medium Priority feerate and the median feerate of the third projected block. Consider using this feerate if you want confirmation soon but don't need it particularly quickly.
- No Priority. This figure is either 2x the minimum feerate, or the Low Priority feerate (whichever is lower). Consider using this feerate if you are in no rush and don't mind if confirmation takes a while.
In all cases, the suggested feerate is adjusted lower if any of the projected blocks involved in the calculation are not full (example: if there is only 1 projected block that's less than half-full, Mempool will suggest a feerate of 1 sat/vB—not the median feerate of transactions in the block).
Projected blocks use feerates, transaction sizes, and other metrics to forecast which transactions will be in future blocks. Actual blocks will turn out to be different: miners have their own views of the mempool, their own algorithms for determining which transactions to include in a block, etc.
Ultimately, the Bitcoin network is not perfectly predictable, so fee estimation cannot be perfectly precise.
Use Mempool's feerate suggestions as a guide, and understand that they do not guarantee transaction confirmation in any period of time.
"
+ answer: "See real-time fee estimates on the main dashboard.
Here is an overview of Mempool's feerate suggestions:
- High Priority. This figure is the median feerate of transactions in the first mempool block. Consider using this feerate if you want confirmation as soon as possible.
- Medium Priority. This figure is the average of the median feerate of the first mempool block and the median feerate of the second mempool block.
- Low Priority. This figure is the average of the Medium Priority feerate and the median feerate of the third mempool block. Consider using this feerate if you want confirmation soon but don't need it particularly quickly.
- No Priority. This figure is either 2x the minimum feerate, or the Low Priority feerate (whichever is lower). Consider using this feerate if you are in no rush and don't mind if confirmation takes a while.
In all cases, the suggested feerate is adjusted lower if any of the mempool blocks involved in the calculation are not full (example: if there is only 1 mempool block that's less than half-full, Mempool will suggest a feerate of 1 sat/vB—not the median feerate of transactions in the block).
Mempool blocks use feerates, transaction sizes, and other metrics to forecast which transactions will be in future blocks. Actual blocks will turn out to be different: miners have their own views of the mempool, their own algorithms for determining which transactions to include in a block, etc.
Ultimately, the Bitcoin network is not perfectly predictable, so fee estimation cannot be perfectly precise.
Use Mempool's feerate suggestions as a guide, and understand that they do not guarantee transaction confirmation in any period of time.
"
},
{
type: "endpoint",