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Zero Confirmation Transaction

Zero Confirmation Transaction

Hard

Alternative phrasing for an unconfirmed transaction.

What Are Zero Confirmation Transactions?

Every transaction must be included in a block in order to be acknowledged by the network as a valid transfer of funds.

Transactions made at the same time are collected in blocks, which come together to form a blockchain.

After a transaction is sent, it enters one of three states: Unconfirmed pending confirmation, confirmed or rejected.

Confirmation may be delayed if the transaction fee is not high enough for the miners who validate transactions or if there is a high volume of transactions waiting to be processed. Zero confirmation transactions are also known as unconfirmed transactions.

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