This “inefficient wallet” statement probably is intended to describe fee estimation. These days, wallets do a pretty good job of estimating the fee required to enter the next block, or at least communicate trade offs in fee selection.
Just a few years back, a lot of wallets were terrible at estimating fees. This often lead to users overpaying for their transaction.
BTCNautilus
npub19z…dz3fd
2023-02-17 10:30:03
in reply to nevent1q…yftv
Author Public Key
npub19zvj4ssnqjn8v37qq0ha76q22vf4venhkuxdw75ehszujqayjuqspdz3fdPublished at
2023-02-17 10:30:03Event JSON
{
"id": "68dfcd414485580f092565114ce09162ca310943e3a37b5a2e38dbc9b299d9b9",
"pubkey": "28992ac21304a67647c003efdf680a5313566677b70cd77a99bc05c903a49701",
"created_at": 1676629803,
"kind": 1,
"tags": [
[
"e",
"833a9366f600b49cea6300bb6cc0b8145354b86bfdc04e78d0231d40491f8b77",
""
],
[
"e",
"6002cf451560082d02536928426199e45a162f63634ce54c7f9430d04225dfed"
],
[
"p",
"69074169ed68fa74c37d3926359f4100635c37eea5cfece064ed022ed06f792b"
],
[
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[
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[
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[
"p",
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[
"p",
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],
[
"p",
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[
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[
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[
"p",
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],
"content": "This “inefficient wallet” statement probably is intended to describe fee estimation. These days, wallets do a pretty good job of estimating the fee required to enter the next block, or at least communicate trade offs in fee selection.\n\nJust a few years back, a lot of wallets were terrible at estimating fees. This often lead to users overpaying for their transaction.",
"sig": "c5b5a755bfccc419330a994c463d04fc7cbe3734a3610183dcc30e19d88e05726609e839d784937410dc871395cc1b4f5b8d080a7b2809df05a0b786b707d775"
}