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Ethereum Transactions Time

Coinbase | Why Is My Transaction 'pending'...

Coinbase | Why Is My Transaction 'pending'...

This article is for digital currency transactions sent to or from your Coinbase wallet. If you're wondering about a pending purchase or bank deposit, you can learn more here . Incoming transactions show up in your account almost instantly (within a few seconds) but will show as 'Pending' until there have been at least six network confirmations. Once a transaction is verified, it will show Complete in green. This lets you know that the transaction cannot be reversed and that the funds can be withdrawn. Coinbase runs its own digital currency nodesthat communicate with the rest of the network. When you initiate a transaction, we broadcast it to the rest of the network so it can be confirmed. Our nodes may lose sync with the rest of the network for short periods of time. This can cause transactions to remain in the "Pending" state for longer than normal. Usually the delay is under an hour, and the transaction will eventually go through normally. Occasionally, transactions are not accepted by the rest of the network and therefore are never considered to be 'confirmed'. Continue reading >>

Why Is Ethereum Different To Bitcoin?

Why Is Ethereum Different To Bitcoin?

Ethereum differs from Bitcoin in 7 main ways: 1. In Ethereum the block time is set to 14 to 15 seconds compared to Bitcoins 10 minutes. This allows for faster transaction times. Ethereum does this by using the Ghost protocol. 2. Ethereum has a slightly different economic model than Bitcoin Bitcoin block rewards halve every 4 years whilst Ethereum releases the same amount of Ether each year ad infinitum. 3. Ethereum has a different method for costing transactions depending on their computational complexity, bandwidth use and storage needs. Bitcoin transactions compete equally with each other. This is called Gas in Ethereum and is limited per block whilst in Bitcoin, it is limited by the block size. 4. Ethereum has its own Turing complete internal code... a Turing-complete code means that given enough computing power and enough time... anything can be calculated. With Bitcoin, there is not this form of flexibility. 5. Ethereum was crowd funded whilst Bitcoin was released and early miners own most of the coins that will ever be mined. With Ethereum 50% of the coins will be owned by miners in year five . 6. Ethereum discourages centralised pool mining through its Ghost protocol rewarding stale blocks. There is no advantage to being in a pool in terms of block propagation. Continue reading >>

Current Transaction Time? : Ethereum

Current Transaction Time? : Ethereum

Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

How To Deal With Endless Pending Ethereum Transactions

How To Deal With Endless Pending Ethereum Transactions

This should result in a welcome message containing your ethereum wallet adress: To list all the pending transactions you just enter: Now its important to identify the index number of the transaction which is held under nonce. You need the index to tell geth what transaction you wish to modify for re-sending. Write down the nonce, the gas price and the gas limit. For signing transactions its necessary to unlock your account. To do that, please use the following command and do NOT enter your password in plain text. That is dangerous, because it could be read by third party programs on your system. Just fill in your account address and leave the passphrase empty. Geth will automatically ask for your password anyway: personal.unlockAccount('')Unlock account Passphrase:true When unlocking was successful, geth will show you a true as result. Now you can finally modify our stuck transaction. What you usually want to do is increasing the gas price, so your modified transaction will be preferred over others and getting a better chance of being confirmed. So how to estimate a good value to make sure our transaction will be accepted this time? While researching I found this decent website , which seems to give accurate values for the necessary gas price to get your transactions through. It analyses the last transactions and their usage of gas. Compare the values with those you used and determine the correct values. Now you can modify your transaction with the following command: eth.sendTransaction({ from: '', to: '', value: , gasPrice: , gasLimit: , nonce: ''}); Since I had trouble finding the correct syntax for each parameter, here a fully Continue reading >>

Ethereum Block Time Historical Chart

Ethereum Block Time Historical Chart

btc eth bch ltc dash btg xmr etc zec doge vtc ppc ftc nmc rdd blk aur nvc qrk mec bat btg bcc emc2 sc dgb nav sys pot vrc via kore cloak dope wc xwc icn unb ptc grc bela xst slr enrg efl trust net btcd rby uno btcs air sxc moon trc mint bost pxc grn hbn cat wdc super zet utc plc xpy qtl bits top nyan cc arg fire uro hal con Continue reading >>

My Transaction Is Pending For Over 12h Now

My Transaction Is Pending For Over 12h Now

My Transaction is pending for over 12h now My transaction is pending now for over 12h. Is there anything wrong with it? Is there a risk to lose the Coin? Lastly the ethereum network has been a bit cloagged due to massive amount of transactions. At this time there's still around 13 000 transactions pending. As it appears, regarding the transaction , your transaction have great probability to take long long time to get processed as apparently you provided very very low fees ( 1GWei ) and as the network is highly requested. Before making transactions i recommend you to usually check the network load before sending, that way you can evaluate the amount of fees you want to put in order to have transactions fast processed. Also, i wouldn't recommend to put such low fees, around 10 GWei is a good amount on low load times of the networks and if you're able to wait a bit, 20-40 GWei on the same conditions if you want your transaction to be processed fast. If the transaction ends cancelled by the network the ETH or the token you've been trying to move will be refunded to the original address that made the transaction. EDIT : To check the pending transactions you can follow this link Continue reading >>

Ethereum (eth) And Tokens Long Transaction Time / High Fees

Ethereum (eth) And Tokens Long Transaction Time / High Fees

This article applies to Ethereum (ETH) and ERC20 tokens that are held on the Ethereum blockchain (e.g. Golem, EOS, Status, OmiseGO, Salt, TenX, WAX, etc.). Sometimes there is network congestion and there are a lot of transactions waiting to be processed. You can see a list and the total transactions waiting in the mempool here. When there are network congestions, transactions may take sometime hours to get confirmed in a block by the miners. Until the transaction is confirmed on the blockchain, the status will be Pending and you may not be able to initiate new transfers from the same address and Jaxx may show aTransaction Failed popup when trying to re-send or send other transactions. Please keep in mind that your Jaxx ETH wallet also holds all of your tokens and theTransaction Failedpopup applies to tokens too. For ex. if you have an unconfirmed ETH transaction, you won't be able to send any tokens until it gets confirmed and vice-versa, if you have a Status (SNT) pending transaction, you won't be able to send any ETH or other tokens until the Status transaction gets confirmed. When there is a network congestion with a lot of transactions waiting to be processed, there is a competition to get a transaction through and the miners pick the transactions with the highest fees first which causes fees to increase a couple times more than the standard. Jaxx is always scanning the network and adapting the transaction fees to get your transaction confirmed in due time. Issue: Transaction times are a lot longer than usual and in some cases they do not seem to broadcast at all and might get dropped by the mempool. You may see a transaction unconfirmed for a long time or not see a transaction at all in your wallet history even through you know it's been sent to you. Resolution: B Continue reading >>

Ethereum Price Hits All Time High Of $750 Following Speed Boost

Ethereum Price Hits All Time High Of $750 Following Speed Boost

Ethereum Price Hits All Time High of $750 Following Speed Boost Ethereums price crossed $700 after normalisation of processing fees and transaction speed. Ethereum's price surge continued into today as the digital currency topped $700 to reach a high of $750 according to coinmarketcap.com. This brought Ethereums market capitalization to an astonishing $72.5 bln. However, as Bitcoin mounted a comeback, returning to near-record highs, Ethereum slipped. At press time, Ethereum was trading for $640. The network's transaction speed and fee normalisation seem to have influenced the prince increase. Co-founder Vitalik Buterin posted on Twitter Wednesday that the Ethereum network surpassed 10 transactions per second for an entire day on Tuesday. Good news: we just surpassed 10 tx/sec for an entire day yesterday. pic.twitter.com/xQBA2s1XOh Continue reading >>

Ethereum Now Handles More Transactions Than All Digital Currencies Combined

Ethereum Now Handles More Transactions Than All Digital Currencies Combined

Ethereum Now Handles More Transactions Than All Digital Currencies Combined Ethereum, the barely two years old digital currency, now processes more transactions than all other digital currencies combined, including bitcoin. Ethereum currently processes 52.3% of all cryptocurrency transactions, followed by bitcoin at 33%, while Bitcoin Cash, currently third in market cap, is handling only 1.8% as pictured above. More than half a million transactions were processed yesterday by ethereum, a level that is now becoming common for the platform, rising considerably since early last year when it stood at just 10,000. While bitcoin is currently processing around 330,000 transactions, with no change in volumes for an entire year despite considerable growth and a claimed increase in capacity. Bitcoins transaction levels have been moving very much in a straight line due to a limited 1MB capacity. Although segregated witnesses (segwit) claimed to double it, in effect it has added as good as no capacity since its activation in August 2017. In contrast, ethereums transaction levels have continued to grow with the network able to handle probably double the current amount of demand without any congestion and at sub-penny fees. Some suggest that much of this demand is due to dapps and tokens built on top of ethereum, but that may make the network itself more appealing due to increased network effects . Especially at a time when bitcoin transactions are very difficult and quite painful to make due to considerable delays and occasional fees of as high as $10. Ethereum hopes to avoid that completely with fees kept below 20 cent through two major network upgrades that are on the roadmap. Firstly, a hybrid Proof of Stake (PoS) and Proof of Work (PoW) upgrade might be implemented as early as Continue reading >>

Cat Fight? Ethereum Users Clash Over Cryptokitties - Coindesk

Cat Fight? Ethereum Users Clash Over Cryptokitties - Coindesk

Cat Fight? Ethereum Users Clash Over CryptoKitties Ethereum users are calling for a solution to the protocol's CryptoKitties invasion. As profiled by CoinDesk , the cat-trading game had grown so popular earlier this week that it was clogging the ethereum network, slowing down transaction times. Now, however, congestion is reaching unprecedented levels,with a record-breaking 30,000 transactions stuck and waiting to be processed at press time. "Can we please increase the gas limit?" pleaded oneuser on a Reddit thread, itself a chorus of agreement on the issue. "Is the blockchain completely frozen?" askedanother user . Indeed, despite facilitating nearly $7 million-worth of ether trades and winning new users to the platform, the game is attracting a level of vitriol: "Fuck cats. When will they solve this problem? I have been waiting for 20 hours now," said another user on ethereum's Gitter channel. That's not to say there aren't ways to relieve the issue, and, so far, arguably the most likely solution is increasing the network's "gas limit" a metric that puts a cap on the number of transactions and smart contracts that can happen across the network. Christian Reitwiessner, an Ethereum Foundation engineer and the co-founder of scaling protocol, Truebit, is one developer who agrees this approach might be an easy solution. "The miners raising the block gas limit is the only short-term solution against our new feline overlords for now." Yet, while that's good news for beleaguered users who haven't been shy about their frustrations, itturns out that the change could have unpleasant side effects, making some developers more hesitant to embrace the concept as the best path to a quick fix. Helping the cause is that there's already precedent for the approach. For example, this wou Continue reading >>

How Long Do Ethereum Transactions Take? Metal | Support

How Long Do Ethereum Transactions Take? Metal | Support

In ideal circumstances an Ethereum transaction takes under 20 seconds, and some sites require multiple confirmations. You can view the average blocktime here: . Sometimes due to congestion transactions may take longer, although the Ethereum Development Team is working on scaling solutions. You can view detailed metrics and a calculator for suggested Gas (fees) here: Whenever you send someone Ethereum, the transaction goes through different devicesrunning the Ethereumprotocolaround the world that make sure the transaction is valid. Once the transaction is verified it then waits inside the Mempool. Its basically waiting to be picked up by a Ethereumminer and entered into a block of transaction on the Blockchain. Until it is picked up its considered an unconfirmed transaction or a pending transaction. In some casesthere are so many transactions and blocks are finite not all transactions are picked instantly. Sometimes you need to wait for a certain amount of time until it is included in a block. Once your transaction is included in the block it receives its first confirmation and its no longer pending. After another block of transactions is added it will get another confirmation and so on... This process for transactions needs gas (fee for the Miner) and time to gothrough your buddy. Conclusion: The time, that a transaction need is based on some factors like: Gas, Gwei, amount of miner in the network and amount of transaction in the whole network.The factors vary after some time, so that it may be outdated after tomorrow. In the most cases your Wallet calculate the best fee, that your transaction goes fast to your Buddy, but you can also calculate it on that site Continue reading >>

How To Read An Ethereum Transaction

How To Read An Ethereum Transaction

Last updated on October 30th, 2017 at 08:01 am Although 99Bitcoins has been around for a while, it just occurred to me that weve never really covered the basics of Ethereum transactions even though weve discussed Ethereum itself. So this post is aimed at all of the Ethereum newbies out there: lets understand how to read an Ethereum transaction. The first thing youre going to need in orderto read a transaction is an Ethereum block explorer. A block explorer is a search engine that allows you to search inside the Ethereum blockchain for transactions, addresses, and other interesting information. In this case, well use EtherScan , one of the most popular Ethereum block explorers out there today. Lets take a look at a random Ether transaction via EtherScan. Now lets break down the data that are displayed: TxHash Also known as the transaction ID, TxHash is a way to look up a specific transaction on the Ethereum blockchain. Block Height The block number in which the transaction was included (for an in-depth explanation of blocks, watch this video ) Time Stamp The time the transaction entered the blockchain (i.e., the time the block was mined) From/To The sending and receiving Ethereum addresses Value How much Ether was sent and the equivalentUSD value Before we move to the rest of the terms, lets look at a short explanation of gas. Gas in Ethereum is somewhat similar to transaction fees in Bitcoin . Each operation on the Ethereum network requires a fixed amount of gas (adding two numbers costs 3 gas, calculating a hash costs 30 gas, and sending a transaction costs 21,000 gas, for example). Gas is paid in Ether, but you cant own gas. Its just calculated at a fixed gas/ether exchange rate when you send a transaction on the Ethereum blockchain. Well talk more about gas in a dif Continue reading >>

Cryptokitties Craze Slows Down Transactions On Ethereum

Cryptokitties Craze Slows Down Transactions On Ethereum

CryptoKitties craze slows down transactions on Ethereum These are external links and will open in a new window A new craze for virtual kittens is slowing down trade in one of the largest crypto-currencies. CryptoKitties lets players buy and breed "crypto-pets" on Ethereum's underlying blockchain network. The game's developers told the Bloomberg news agency that CryptoKitties was a "key step" to making blockchains more accessible. But its popularity has underscored one of the technology's biggest downsides: its lack of scalability. Etherscan has reported a sixfold increase in pending transactions on Ethereum since the game's release, by the Axiom Zen innovation studio, on 28 November. "CryptoKitties has become so popular that it's taking up a significant amount of available space for transactions on the Ethereum platform," said Garrick Hileman, from the University of Cambridge. "Some people are concerned that a frivolous game is now going to be crowding out more serious, significant-seeming business uses." An estimated $4.5m (3.35m) has been spent on the cartoon cats at the time of writing, according to Crypto Kitty Sales . Image caption CryptoKitties is the first game built on Ethereum Think of these rather unpalatable cartoon kittens as unique digital Pokemon cards. The game's developers describe them as "breedable Beanie Babies", each with its own unique 256-bit genome. These crypto-collectibles are also gender-fluid, able to play the role of either the "dame" or the "sire" when bred together. The kitties' unique DNA can lead to four billion possible genetic variations. Some of the varieties created so far look lifelike, with grey striped fur and bulging green eyes. Others are speckled with neon-blue spots or magenta-patterned swirls. Image caption One of the less at Continue reading >>

Checking Or Replacing A Tx After It's Been Sent

Checking Or Replacing A Tx After It's Been Sent

Our Check TX Status Page via TX hash: Can I cancel, override, overwrite, replace, or do anything once a transaction has been sent? 99.9999999999999999% of the time the answer is NO. Once a transaction has been mined and is included in a block on the blockchain, it cannot be canceled or replaced. During times of normal volume, transactions are mined within seconds and do not spend any length of time in the transaction pool. There is simply not enough time to cancel or replace or override a transaction once it has been sent. During times of extremely high volume (like we've seen during the Bancor and Status Token Contribution periods), transactions could be pending for hours, if not days, before being mined. During these times it is theoretically possible to replace an existing transaction with a new transaction with a higher gas price. The second transaction, theoretically, will be mined before the first transaction, effectively "canceling" the first transaction. The easiest way to do this is by sending a 0 ETH transaction to your own address with the same nonce and higher gas price. This will "cancel" your first transaction. There is no guarantee this will work, nor that it will work every time. This tool is very, very new. Please use at your own risk. Do not take this article or features on MyEtherWallet as an indication that you can cancel a transaction you accidentally sent to the wrong address, or get your ETH back once it has been sent. It is only regarding finding, checking, and potentially replacing transactions that have been stuck in the transaction pool for very long period of time. Copy & paste the transaction hash into the field provided. Details will appear depending on the state of the transaction. It could be... Transaction Found: Your transaction was su Continue reading >>

Life Cycle Of An Ethereum Transaction

Life Cycle Of An Ethereum Transaction

Learn How an Ethereum Transaction is Created and Propagated to theNetwork Transactions are at the heart of the Ethereum blockchain (or any blockchain for that matter). When you interact with the Ethereum blockchain, you are executing transactions and updating its state. Have you ever wondered what exactly happens when you execute a transaction in Ethereum? Lets try to understand it by looking at an example transaction. In this post, we will cover the following. An end to end traversal of an Ethereum transaction starting from your browser/console to the Ethereum network and back to your browser/console Understand how transactions work when you use a plugin such as Metamask or Myetherwallet instead of running your own node What to do if you are too paranoid and dont trust any plugins to execute your transaction? This post assumes that you have a basic understanding of Ethereum and its components such as accounts, gas and contracts. Here is a good explanation of these concepts. If you are a developer new to Ethereum, you might find this helpful. You can also learn to build a simple dapp here . This post will make more sense if you have executed few transactions yourself. An example of a transaction is you sending some ether to another person or a contract. Another example is if you have interacted with a dapp. For example, if you go here and buy some tokens, that would be a transaction. If you vote for a candidate, that would be another transaction. 1. End to end overview of an Ethereum transaction Lets take the following contract call as an example and traverse through the entire flow of how this function call/transaction gets executed and gets permanently stored on the blockchain. You can find the entire contract here . At a high level, its a voting contract where you i Continue reading >>

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