How does the blockchain handle pending transactions?

3 answers

• Susan D. WilliamsNov 17, 2020 · 5 years ago
  When a transaction is initiated on the blockchain, it is first broadcasted to the network. Miners then validate the transaction by confirming its legitimacy and ensuring that the sender has sufficient funds. Once validated, the transaction is added to a pool of pending transactions. Miners then compete to include these pending transactions in a new block by solving a complex mathematical puzzle. The first miner to solve the puzzle adds the block to the blockchain, which includes the pending transactions. This process ensures the security and immutability of the transactions on the blockchain.
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• mtamuriSep 19, 2023 · 2 years ago
  The blockchain handles pending transactions through a decentralized consensus mechanism. When a transaction is initiated, it is added to a pool of pending transactions. Miners, who are responsible for maintaining the blockchain, compete to validate and include these pending transactions in a new block. This process ensures that all transactions are verified by multiple participants in the network, making it difficult for any single entity to manipulate the transaction history. Once a transaction is included in a block, it is considered confirmed and becomes a permanent part of the blockchain.
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• praneet rajJan 20, 2021 · 4 years ago
  In the case of BYDFi, pending transactions are handled by a decentralized network of nodes. When a transaction is initiated, it is broadcasted to the network and added to a pool of pending transactions. Miners in the network then compete to validate and include these transactions in a new block. Once a transaction is included in a block, it is considered confirmed and added to the blockchain. This process ensures the security and efficiency of transactions on the BYDFi blockchain.
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