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Zero Confirmation 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.
Bottleneck
A bottleneck refers to a point where capacity becomes restricted, creating congestion and slowing the overall performance. |
zkOracle
zkOracles utilize Zero Knowledge Proofs (ZKPs) as a trustless medium through which data can pass freely whilst retaining a robust standard of security, privacy and cost-efficiency. |
Abstraction Scalability
Abstraction scalability is the expansion in the overall ability of a system that allows programming components to be used as building blocks in a new development environment. |
Solana Virtual Machine (SVM)
The Solana Virtual Machine, or SVM, is the system powering Solana's ability to handle thousands of transactions per second. |
Simple Ledger Protocol (SLP)
Simple Ledger Protocol (SLP) is a token system that works on top of Bitcoin Cash. It allows users to create their own tokens to represent anything they can dream of. |