It will also benefit all of those individuals who are
spending unconfirmed transactions.
Not exact matches
I googled «
unconfirmed Bitcoin
transactions» and discovered a litany of complaints from users who
spent hours or days waiting to get their money.
However, upon closer inspection, XT leaves at least some of these challenges, and the reality is that XT would not have made
transaction confirmation immediate and would not have reduced the risk of double -
spending for
unconfirmed transactions.
Due to malleability — the ability to change the appearance of
unconfirmed transactions —
spending bitcoins from
unconfirmed transactions could fail due to meddling of third parties.
This system allows BitGo to financially guarantee
unconfirmed transactions sent to their partners that have signed up for the Instant service because if a user attempts to double
spend, BitGo will not sign the second the
transaction, ensuring the first one will be the one recorded in the blockchain.