Cryptocurrency Q&A
What happens if a bitcoin transaction is not confirmed?
What happens if a bitcoin transaction is not confirmed?
EthereumEagleGuard
Thu Aug 29 2024
|
5
answers
1515
I'm curious, what exactly happens when a Bitcoin transaction is not confirmed? Does it mean the funds are stuck in limbo? Could there be any risks associated with an unconfirmed transaction? And is there a way to expedite the confirmation process? Understanding the implications of an unconfirmed Bitcoin transaction would be invaluable in managing my crypto assets.
5 answers
amelia_harrison_architect
Sat Aug 31 2024
This is where attempted transactions are initially placed, waiting for miners to select them for inclusion in a block.
Was this helpful?
313
22
benjamin_rose_author
Sat Aug 31 2024
Miners have the discretion to choose which transactions from the mem pool they wish to verify, based on various factors such as transaction fees and network congestion.
Was this helpful?
261
58
GangnamGlitter
Sat Aug 31 2024
If a transaction is not selected by a miner, it remains in the mem pool as an unconfirmed transaction.
Was this helpful?
296
88
Carolina
Sat Aug 31 2024
The longer a transaction stays in the mem pool, the more likely it is to experience delays in being added to the blockchain.
Was this helpful?
253
94
Riccardo
Sat Aug 31 2024
The process of verifying and adding Bitcoin transactions to the blockchain begins with the memory pool, or mem pool.
Was this helpful?
392
24
