Tag: Confirmation

Why is my Bitcoin transaction pending and not confirming?

If you are a daily Bitcoin user who sends and receives coins frequently chances are that you have run into a transaction that didn’t confirm immediately the next block. There are two main reasons why a Bitcoin transaction may be pending, the first is that the transaction is invalid and was created fraudulently, since the signature doesn’t match with the corresponding key the network rejects the transaction all together. The …
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How The Bitcoin Transaction Fee Relates To Network Confirmations

One of the issues a lot of people have with the Bitcoin ecosystem is how they have to wait for transaction confirmations by the network. As most people are well aware, this can take anywhere from minutes to hours before a transaction gets the full six confirmations. But some companies are adapting their strategy, and Betcoin is looking to base the network confirmations needed for the transaction fee paid by …
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