How are pending transactions defined in the context of digital currencies?

3 answers

• May 05, 2022 · 3 years ago
  Pending transactions in the context of digital currencies refer to transactions that have been initiated but are yet to be confirmed by the network. These transactions are included in the mempool and are waiting to be picked up by miners for validation and inclusion in the blockchain. Once a pending transaction is confirmed, it becomes a part of the blockchain and is considered a confirmed transaction. The time it takes for a transaction to be confirmed can vary depending on factors such as network congestion and transaction fees.
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• May 05, 2022 · 3 years ago
  When you send a digital currency transaction, it goes through a process of verification and validation. Pending transactions are those that have been verified by the sender's wallet but are still awaiting confirmation from the network. During this time, the transaction is considered pending and can be seen in the transaction pool. Once the transaction is confirmed by the network, it becomes a confirmed transaction and is added to the blockchain. The confirmation process can take anywhere from a few minutes to several hours, depending on the specific digital currency and network conditions.
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• May 05, 2022 · 3 years ago
  Pending transactions in the context of digital currencies are transactions that have been broadcasted to the network but have not yet been included in a block. These transactions are waiting to be picked up by miners who will validate them and add them to the blockchain. The time it takes for a pending transaction to be confirmed can vary depending on factors such as network congestion and transaction fees. Once a pending transaction is confirmed, it becomes a confirmed transaction and is considered final and irreversible.
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