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Update Description Transaction Fees Being Underestimated #197

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subterranean1 opened this issue Apr 17, 2024 · 0 comments
Open

Update Description Transaction Fees Being Underestimated #197

subterranean1 opened this issue Apr 17, 2024 · 0 comments

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@subterranean1
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When attempting to update an asset description from within Frewallet the fee estimate is too low. Even when using a wallet with 1 UTXO, the fee that is published is too low to complete the transaction in a timely fashion. The current structure creates a transaction with 4 outputs - 3 multi-sigs at 0.00001 and 1 change to the sender. This lowers the transaction's effective fee by approximately 2/3. A 42 sat/vb send gets an effective fee of 18. The user thinks they paid the correct fee as it shows as 42 sats in most explorers. It is only when you view it at mempool.space that the effective fee rate is revealed.

Here are two sample txs:
https://mempool.space/tx/e759ac62f1873ca59549c7c7e6d313760d0a4503c5f68b6745c1dc98453f3c98
https://mempool.space/tx/b2db635e3168d42c96443c07fef6520fdb6874db75ec757db15f59bdfc488909
These were sent on 4/16/24 and 4/17/24.

FireShot Capture 303 - Transaction_ b2db635e3168d42c96443c07fef6520fdb6874db75ec757db15f59bd_ - mempool space

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