What is a pending transaction in the world of cryptocurrency?

1 answers

• Hardin MadsenMar 08, 2023 · 2 years ago
  At BYDFi, a pending transaction is a transaction that has been submitted to the network but has not yet been confirmed. This can happen when the network is congested or when the transaction fee is too low. While the transaction is pending, it is not considered final and can still be reversed or canceled. It's important to note that pending transactions can take some time to be confirmed, and the time it takes can vary depending on network conditions. Once the transaction is confirmed, it will be included in a block and become a permanent part of the blockchain.
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