Sentences with phrase «unconfirmed transactions on»

In recent months, the pool of unconfirmed transactions on the bitcoin network has been growing to astounding levels, often exceeding 400,000 transactions.

Considering the large number of unconfirmed transactions on the Ethereum network, it is likely that Bittrex will disable new deposit addresses from being deployed for a relatively long period of time.

The number of unconfirmed transactions on the Bitcoin network is higher than ever:

Not exact matches

Once your Bitcoin is sent to your Bitcoin address you will see an unconfirmed transaction with pending confirmation on the transaction history page.

The malleability fix made any feature that relied on unconfirmed transactions less risky and easier to design.

More recently, on March 25, Rizun - much like Vitalik - cornered Wright after a lecture, to argue his technical ideas related to unconfirmed transactions were not feasible.

However, it does complicate creating newer transactions depending on unconfirmed transactions: New transactions need to know the transaction identifier they rely on.

Eventually all computers on the network know about this payment, and it appears on screens everywhere in the world as an «unconfirmed transaction».

Chainspotting allows users to track the balances of their addresses, track unconfirmed transactions, and run queries on a specific set of addresses, all in real time.

This enables more graceful recovery from specific edge cases where transactions depend on other unconfirmed transactions.

While the increase in unconfirmed transactions has caused concern among some members of the blockchain community due to the popularity of the game affecting the efficiency of transactions on the network, others take a far more optimistic view.

But perhaps more importantly, transaction malleability severely limits the potential of all sorts of advanced Bitcoin tricks that build on unconfirmed transactions (using their IDs), such as payments channels and the Lightning Network.

Payment channels are based on the idea of transaction replacement to update the state of an unconfirmed transaction before broadcasting it to the network.

Fees are on some occasions more than PayPal and the backlog of unconfirmed transactions can be an issue.

For example, during the week leading up to May 25, 2017 — when the price of bitcoin hit a then - all - time - high of $ 2,558.10, according to BitcoinAverage's Global Bitcoin Price Index — the number of unconfirmed Bitcoin transactions peaked at an all - time high of 157,558 transactions at around 4:00 P.M. (UTC) on May 23, 2017.