Zero Confirmation Transaction

Related Terms

• Unconfirmed Transaction

  An Unconfirmed Transaction refers to a blockchain transaction, such as buying, selling, or transferring a cryptocurrency, that hasn’t been permanently recorded to the blockchain. An unconfirmed transaction status means that the network of miners or validators hasn’t completely examined the transaction in full, to determine that there aren’t any pending transactions involving the same cryptocurrency being used.

• Public Blockchain

  A network that is globally accessible by anyone anywhere in the world. Another name for a public blockchain is a permissionless blockchain. Bitcoin and Ethereum are the most popular decentralized public blockchains in the world.

• Transaction Fee

  Fees charged by a blockchain network to execute and validate transactions on that blockchain network. Fees are used to incentivize miners to complete complex and expensive cryptographic problems to validate transaction blocks to the leger of a blockchain.

• Fat Finger

  Fat Finger or fat fingering a transaction refers to inadvertently using the wrong transaction details when buying, selling, or transferring cryptocurrency. Examples of fat fingering come in many shapes and forms, including …

• Anonymity

  It keeps your identity hidden, you stay anonymous, and allows you to send or receive digital assets with anyone that has a crypto wallet address, anywhere in the world, without a middle man like a bank to question what you’re sending, how much you’re sending, to whom you’re sending it and why.