"Unconfirmed" refers to a cryptocurrency transaction that has been broadcast to the network but has not yet been included in a block. Unconfirmed transactions remain in the mempool, a temporary storage area for pending transactions, waiting for miners or validators to process them. The confirmation process involves validating the transaction and adding it to a block on the blockchain, which ensures the transaction's permanence and integrity. Until a transaction is confirmed, it is not considered final, and the recipient may not be able to spend the received funds.
Unconfirmed transactions can experience delays for several reasons, including network congestion, low transaction fees, or technical issues. In periods of high demand, such as during a market rally or a popular token sale, the number of transactions waiting to be processed can exceed the network's capacity, causing longer wait times for confirmation. Users who want to prioritize their transactions can increase the transaction fee to incentivize miners or validators to process them more quickly.
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In Plena Wallet, every blockchain transaction (Tx) goes through multiple stages before it's fully processed. When a transaction is initiated, it starts in an unconfirmed state, meaning it has been broadcasted to the network but has not yet been included in a block. Plena Wallet actively tracks the status of each transaction to determine whether it has been confirmed or is still pending.
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