Input(s) 2
Estimates the required fee per kilobyte for a transaction to be confirmed within a specified number of blocks.
How is this used?
You're trying to mail a package and want to know how much postage will get it delivered within a specific time frame. Similarly, in the Bitcoin network, when you send a transaction, you need to pay a fee to have it processed and confirmed by miners. The 'estimaterawfee' command is like asking the post office for the best postage rate to ensure your package (or transaction) arrives on time. This command estimates the optimal fee rate (per kilobyte) needed for your transaction to be confirmed within a desired number of blocks, based on current network conditions and past transaction data.
Request
method
estimaterawfee
conf_target
Required
threshold
Optional
Inputs(2)
one required input remaining...
Result