After a transaction is broadcast but before it’s added to the blockchain, where does it wait? Many people can’t explain it clearly!
When the transaction pool is full, nodes first remove transactions with the lowest fee rates. Transactions with fees that are too low may be pushed out of the pool.
Block space is limited, and miners usually prioritize transactions with higher fees. So when the network is congested, transactions with lower fees have to wait longer in the queue.
Don’t rush into placing an order just because everyone else is buying.
$BTC 80424.89(-0.43%)
When the transaction pool is full, nodes first remove transactions with the lowest fee rates. Transactions with fees that are too low may be pushed out of the pool.
Block space is limited, and miners usually prioritize transactions with higher fees. So when the network is congested, transactions with lower fees have to wait longer in the queue.
Don’t rush into placing an order just because everyone else is buying.
$BTC 80424.89(-0.43%)