Bitcoin and Security As blockchain is constantly being reviewed by bitcoin users, hacks are unlikely .
Read moreWhy is my transaction still unconfirmed?
Your wallet and any Bitcoin node will show it as unconfirmed, your transaction is stuck in limbo . Block sizes are limited, which means that only a limited number of transactions can be processed in a certain timeframe.
Read moreWhy is my transaction Unconfirmed on blockchain?
Yes, unconfirmed BTC transactions can be canceled if the blockchain does not approve a Bitcoin transaction within 24 hours . It is considered unconfirmed until at least three miners do not confirm every transaction via the mining process. If you don’t get a confirmation within this time, you can cancel your transaction.
Read moreCan I spend unconfirmed transactions?
Basically yes. You can spend money one block after you receive it . There is nothing built-in to bitcoin that knows anything about the arbitrary custom of waiting for six blocks in order for a payment to be confirmed. Exchanges may not let you send unconfirmed coins, but you should be able to do it with your own wallet.
Read moreDoes blockchain refund money?
No, we’re unable to cancel or reverse your transaction . Even many advanced cryptocurrency users can recall an incident when they failed to double-check their transaction details and they accidentally sent funds to the wrong recipient, or sent the wrong amount.
Read moreWhat is wrong with blockchain?
The redundancy of blockchains makes them hard to scale . Every device in your network must have a copy of every transaction made. That means hundreds of copies of the same data! It requires massive storage, and the bigger the blockchain, the more power the nodes need to process everything.
Read moreCan blockchain call?
If you received a phone call from someone claiming to be a Blockchain employee, it is likely a scam . We would never initiate a call via phone. If an email was sent to your spam/junk folder, then please verify the real sender of the email by looking at the email’s headers.
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