are two excellent resources for estimating the average time it will take to complete a BTC transaction or transfer.
When many users use Bitcoin, the block size approaches its limit, resulting in a crowded Bitcoin network. As a result, certain transactions are held up while Bitcoin transaction confirmation is obtained. These Bitcoin users must pay higher miner fees and/or employ SegWit transactions to speed up the process.
A Bitcoin transaction cannot be reversed once it has been confirmed. But, can you cancel unconfirmed Bitcoin transactions? Yes, unconfirmed BTC transactions can be canceled if the blockchain does not approve a Bitcoin transaction within 24 hours. It is considered unconfirmed until at least three miners do not confirm every transaction via the mining process. If you don’t get a confirmation within this time, you can cancel your transaction.
Your Bitcoin wallet, on the other hand, might not support the RBF Protocol. As a result, check first to see if this is something your wallet will allow you to do. When sending Bitcoin, you can choose this option to ensure that you can utilize it if necessary.
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Yep I know it now. I used Ownr wallet when it happened and they helped me with it
The author is indeed retarded. Talks about a 4mb block and calls 'double spend', a hardcore tabu word, to refer to a transaction substitution. This is the reason I only check on Cointelegraph monthly, if at all.
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Is this a parody account for cointelegraph publishing these articles?
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Bitcoin is an economic entity where the supply is unaffected by the demand. Bitcoin will continue to win. Thanks to Crypta0 he knows his stuff when it come to Bitcoin, his tweets, tips & predictions have been helpful so far, thanks for taking your time to educate us all.
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