Unconfirmed Transaction

TradingKey19 hours ago

An unconfirmed transaction refers to a blockchain transaction, such as buying, selling, or transferring a cryptocurrency, that has not yet been permanently recorded on the blockchain.

The status of an unconfirmed transaction indicates that the network of miners or validators has not fully reviewed the transaction to ensure there are no pending transactions involving the same cryptocurrency being utilized.

If a cryptocurrency sender lowers or eliminates transaction fees, or fails to increase fees during a congested network period, miners and validators may choose to disregard the transaction.

When a transaction remains unconfirmed for an extended period, it is not added to a block, and the network may ultimately discard it entirely.

Disclaimer: The content of this article solely represents the author's personal opinions and does not reflect the official stance of Tradingkey. It should not be considered as investment advice. The article is intended for reference purposes only, and readers should not base any investment decisions solely on its content. Tradingkey bears no responsibility for any trading outcomes resulting from reliance on this article. Furthermore, Tradingkey cannot guarantee the accuracy of the article's content. Before making any investment decisions, it is advisable to consult an independent financial advisor to fully understand the associated risks.

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