Zero Confirmation Transaction

November 21, 2023 - Around 1 mins mins to read

Understanding Zero Confirmation Transactions

Zero confirmation transactions are transactions that have not yet been included in a block but are still considered valid transfers of funds by the network.

When transactions are made, they are grouped together in blocks, which then form a blockchain.

After a transaction is sent, it goes through three possible states: unconfirmed pending confirmation, confirmed, or rejected.

If the transaction fee is too low or if there is a high volume of transactions waiting to be processed, the confirmation of a transaction may be delayed. These unconfirmed transactions are also known as zero confirmation transactions.

Glossary

Zero Confirmation Transaction

Understanding Zero Confirmation Transactions

Zero confirmation transactions are transactions that have not yet been included in a block but are still considered valid transfers of funds by the network.

When transactions are made, they are grouped together in blocks, which then form a blockchain.

After a transaction is sent, it goes through three possible states: unconfirmed pending confirmation, confirmed, or rejected.

Visited 71 times, 1 visit(s) today