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The transaction in the Bitcoin network has hung up

    The transaction in the Bitcoin network has hung up

Every year, if not a month, the number of transactions in the Bitcoin network grows. This leads to block overflow. And since it is impossible to immediately include all transactions in the block system, a "pool of memory" (mempool) is formed from non-included transactions in the block of transactions, a sort of "transaction queue".

Transactions with lower commissions "interrupt" high and remain in the pool of memory of the miners before the discovery of a new block. If, after finding the block, the transaction pending confirmation is interrupted by a transaction with a higher commission, we have to wait for the next block, and so on.

All this situation adversely affects the interaction with the user. Confirmation of transactions with low commissions may take several hours and even days, and sometimes confirmation does not happen at all.

What can you do to prevent the transaction from hanging?

When sending a transaction

In the early years of Bitcoin's existence, most wallets added a fixed commission to outgoing transactions: it was usually 0.1 mBTC (10 000 satosh). Since there were free spaces in the blocks of the miners, they usually included these transactions in the first extracted block (most transactions with low commissions or even without them were also included in the block).

As the struggle for the space of the block increased, a fixed fee of 0.1 mBTC for guaranteed inclusion of the transaction in the first block was not enough. She was interrupted by transactions with higher commissions. And, in spite of the fact that eventually the confirmation was received and transactions with low commissions, it took time.

Try to increase the commission

If you want the transaction to be confirmed faster, an obvious decision is to raise the commission.

If your purse (by default) uses insufficient commission, you can try to adjust its size manually - either in the purse settings, or when sending the transaction (or both).

Most services of columnist browsers monitor the network and offer the amount of commission necessary to include a one-kilobyte commission, and also report how quickly the transaction will be confirmed at different commission levels.

If you want the payment to take place in the nearest blocks, you must pay a higher commission. For less urgent payments, you can include lower fees, but it takes a little longer to confirm them.

Use dynamic commissions

Most of the wallets are now working with dynamic commissions. Depending on the data received from the Bitcoin network, such wallets automatically add the commission necessary to enable the transaction to the next block, or at least one of the first blocks.

Some wallets also allow you to select priority commissions. Again, higher commissions facilitate the rapid confirmation of transactions, while low ones require time.

If transactions from your wallet are often delayed during peak hours, and you do not have the opportunity to go to higher priority commissions, your wallet is likely to be out of date. Check it for upgrade or go to a new purse.

Do not be afraid to change your wallets

If you switch to a new purse, you will need to transfer funds from the old wallet. If you are not in a hurry and do not mind paying a commission for this, you can simply send money from the old purse to the new one through the Bitcoin network.

If you are in a hurry, some wallets allow you to export private keys or their initiators, and then import them into a new purse. For this, no transaction is required on the Bitcoin network. You can immediately start sending transactions from a new wallet.

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