Reverse unconfirmed bitcoin transaction log in
Proven transactions on Blockchain are permanent and irreversible. Just wait and your transaction will end soon.
Some portfolios support the RBF protocol, which allows you to replace your original transaction with a new one that includes higher transaction fees. This will result in processing and sending your transaction if it has been stuck for a long time. To use this feature, you must make the original transaction replaceable usually through the opt-in check box in the RBF-enabled portfolios.
If you are unable to use the RBF method, you can still cancel your Bitcoin transaction using Method 2, double spending using a higher fee. To do this, make a new transaction equal to the amount of the first transaction, send it to yourself.
Make sure the transaction fee is much higher than the first transaction fee. If the transaction is rejected, you may need to use another wallet or a specialized program that allows double-transaction spending to be broadcast to the network.
If all goes well, the two metals will only process the new transaction, and the first transaction will be returned to your wallet. However, most minerals and preservatives have protection from double-spending, so there are still possibilities that this method will not work.
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Each block verifies and records any new transactions such as the Bitcoin you may be sending. These transactions are then confirmed by the Bitcoin network. Once the next block is created and the new transaction is verified and included in that block, the transaction will have one confirmation. Approximately every ten minutes thereafter, a new block is created and the transaction is reconfirmed by the Bitcoin network. As mentioned above, blocks are usually confirmed at approximately one block every ten minutes.
However, the Bitcoin network can currently only handle a finite amount of transactions per block. Each transaction has a certain size in bytes and each block can only contain a certain number of bytes.
When a lot of transactions are being broadcasted --faster than what the network can currently process it-- it creates a backlog of unconfirmed transactions. Backlogs happen occasionally, but the network eventually resolves all of the transactions within a day or so. You can see the current amount of unconfirmed transactions here: You can track the average amount of time it takes for transactions to be confirmed here: This means that in time and with consensus , Bitcoin transaction speeds could very well improve in future.
In the meanwhile, we have a great option for customers who are sending to another Luno wallet.