Letslearn
@letslearn
What is Pending Pending is the status of a transaction where it has been sent to the blockchain network but has not yet received confirmation from miners or validators. When a transaction is in "pending" status, it means it has not yet been included in a block and confirmed by the network, and therefore is not complete and final. How it works: 🔵 The user initiates a transaction by sending cryptocurrency from their wallet to another wallet. 🔵 The transaction is sent to the blockchain network, where it becomes visible to network nodes. At this point, the transaction enters the mempool (memory pool), where it awaits processing. 🔵 The transaction remains in a "pending" state until it is included in a block and receives the required number of confirmations. A transaction is confirmed when miners add it to a new block in the blockchain. Typically, completing a transaction requires one or several confirmations, depending on the network and wallet policies. More in comment 👇🏼 Follow For More …
0 reply
1 recast
0 reaction
Letslearn
@letslearn
🔵 After the transaction is included in a block and receives the necessary confirmations, its status changes from "pending" to "confirmed" or "completed." Only then are the funds fully transferred from the sender to the recipient. Why a transaction might remain in pending for a long time: 🔵 If the network is congested, transactions can remain in "pending" status for a long time, waiting for their turn to be included in a block. 🔵 If the sender set too low a fee for the transaction, miners may not prioritize its processing, causing it to remain in pending longer. 🔵 Sometimes technical issues in the network or wallet can cause delays in processing transactions. Learn Crypto✅️
0 reply
0 recast
0 reaction