Published on: 2015-07-12T10:18:47+00:00
In an attempt to understand the factors affecting transaction confirmation, Richard Moore, the founder of Genetic Mistakes Software Inc., conducted a test. He sent 0.0008 BTC without any fee and included it as an unconfirmed utxo in another transaction with 0.0001 BTC. However, despite this, the transaction has not yet been confirmed.The lack of confirmation could be attributed to various factors. These factors include insufficient hash power, the small amount of the transactions, the newness of the coins being used, an incorrect fee amount, or excessive congestion on the network. It is unclear which specific factor or combination of factors is responsible for the lack of confirmation in this case.The author's test suggests that transaction confirmation may not solely depend on the total size of all transactions or the sum of each individual transaction's required fee. The lack of confirmation even with a small fee indicates that other factors must also play a role. This could include congestion or insufficient hash power for Child Pays For Parent (CPFP).Richard Moore's curiosity about these topics indicates that further exploration and investigation are needed to understand the dynamics of transaction confirmation more comprehensively.
Updated on: 2023-08-01T14:15:59.579256+00:00