Why does a blockchain transaction sometimes show a pending status for a long time?

3 answers

• Dec 16, 2021 · 3 years ago
  When you initiate a blockchain transaction, it needs to be verified and added to a block by miners. This process can take time, especially during periods of high network congestion. Miners prioritize transactions with higher fees, so if you set a low fee, your transaction may take longer to be confirmed. Additionally, some blockchains have slower block times, which can also contribute to longer confirmation times. So, if your transaction is showing a pending status, it's likely waiting to be included in a block and confirmed by the network.
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• Dec 16, 2021 · 3 years ago
  Blockchain transactions can take a while to be confirmed due to the decentralized nature of the technology. Unlike traditional centralized systems, where a central authority can quickly validate and process transactions, blockchain relies on a network of nodes to reach consensus. This consensus process takes time and can result in delays. Additionally, if there are network issues or congestion, it can further slow down transaction confirmation times. So, if your transaction is pending for a long time, it's because the network is still working to confirm it.
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• Dec 16, 2021 · 3 years ago
  In my experience at BYDFi, I've noticed that blockchain transactions can sometimes show a pending status for a long time due to network congestion. This is especially true during periods of high trading activity or when there is a surge in transaction volume. The blockchain network becomes congested, and transactions compete for limited block space. Miners prioritize transactions with higher fees, so if you set a low fee, your transaction may take longer to be confirmed. To avoid long confirmation times, it's recommended to set a higher fee or use a blockchain with faster block times.
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