So, how is this cancelling unconfirmed RBF works? I know that I can cancel a tx if the input of the tx is still unconfirmed and if I update the first tx with higher fees.
The same as "
increase fee", it's making use of RBF flag (
replaceable) of the to-be-replaced transaction.
But that button will create a replacement txn with an output that returns the fund back to the wallet instead of the receiver's.
I've checked the version (
only on Testnet).
The button is named "
Cancel (double-spend)", good choice of name in order not to mislead users,
since newbies will expect that it will delete (
not replace) the transaction if it's only "
Cancel".