Crypto Basics: On-Chain Transfers
· Once an on-chain transfer has been included in a block and received enough confirmations, no party can unilaterally reverse it—not even the wallet developer or node operators.
· While a transaction is still waiting to be packaged in the mempool, some wallets offer a “cancel” feature. It works by broadcasting a replacement transaction with a higher fee, but it may not succeed.
Market snapshot: $BTC is quoted at 81587.62 (24h -1.38%).
#BTC
· Once an on-chain transfer has been included in a block and received enough confirmations, no party can unilaterally reverse it—not even the wallet developer or node operators.
· While a transaction is still waiting to be packaged in the mempool, some wallets offer a “cancel” feature. It works by broadcasting a replacement transaction with a higher fee, but it may not succeed.
Market snapshot: $BTC is quoted at 81587.62 (24h -1.38%).
#BTC