-
Bitcoin $84,522.0056
5.23% - Ethereum
$1,935.4894
4.57% - Tether USDt
$1.0008
0.14% - XRP
$2.3553
5.11% - BNB
$588.2246
1.92% - Solana
$134.2739
10.51% - USDC
$1.0003
0.05% - Cardano
$0.7367
5.51% - Dogecoin
$0.1709
4.89% - TRON
$0.2216
-0.69% - Pi
$1.5146
-8.48% - UNUS SED LEO
$9.8047
0.92% - Chainlink
$13.9511
8.78% - Stellar
$0.2744
1.74% - Hedera
$0.1927
3.91% - Avalanche
$18.9892
4.47% - Shiba Inu
$0.0...01266
6.60% - Sui
$2.3536
10.29% - Toncoin
$2.9003
6.40% - Litecoin
$91.7897
5.94% - Bitcoin Cash
$328.9198
1.16% - Polkadot
$4.1848
7.58% - MANTRA
$6.2358
-1.51% - Ethena USDe
$0.9999
0.07% - Dai
$1.0002
0.03% - Bitget Token
$4.4489
7.10% - Hyperliquid
$14.4394
17.58% - Monero
$209.0252
1.47% - Uniswap
$6.0780
4.91% - NEAR Protocol
$2.6408
4.49%
how to cancel pending transaction on blockchain
If the blockchain in question permits transaction cancellation, following the correct steps can ensure the cancellation of a pending transaction, subject to potential fees and time constraints.
Oct 20, 2024 at 10:24 am
How to Cancel a Pending Transaction on the Blockchain
- Identify the Pending Transaction: Locate the transaction ID for the pending transaction you want to cancel. You can usually find this information in your transaction history or on a block explorer.
- Check if Cancellation is Possible: Not all blockchains support transaction cancellation. Research and determine if the blockchain your transaction is on allows for this action.
- Estimate the Cancellation Fee: Cancelling a transaction on the blockchain may incur a fee. Calculate the potential cost before proceeding.
- Create a Replacement Transaction (Optional): In some cases, it may be possible to create a new transaction that effectively cancels the pending one. This is known as a "double spend."
- Broadcast the Cancellation Transaction: If the blockchain supports cancellation, you need to broadcast a new transaction explicitly canceling the pending one. The format of this transaction will vary depending on the blockchain.
- Wait for Confirmation: Once you broadcast the cancellation transaction, it will take time for it to be processed and confirmed by the network.
Additional Notes:
- Time Sensitivity: Cancelling a transaction may only be possible within a specific time frame. If you delay too long, the cancellation may no longer be possible.
- Blockchain Congestion: If the blockchain network is experiencing high traffic, cancelling a transaction may be delayed or more expensive.
- Consider Alternatives: Depending on the blockchain and the situation, there may be alternative ways to achieve the desired outcome without explicitly cancelling the transaction. For example, you could adjust the recipient's address or transfer the same amount from a different account.
- Expert Assistance: If you encounter difficulties or have doubts about the process, it is advisable to seek assistance from a qualified blockchain expert or developer.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
- GENIUS Act to Regulate Payment Stablecoins Passes US Senate Banking Committee
- 2025-03-15 03:30:54
- The Best Wallet Token ($BEST) Raised $11 Million in Presale
- 2025-03-15 03:30:54
- ⚡ $XRP /USDT – Key Resistance in Sight! Can Bulls Push Higher? ⚡
- 2025-03-15 03:30:54
- The official House of Representatives portrait of Mink, circa 1994.
- 2025-03-15 03:30:54
- Pepe (PEPE) Coin Price Recovers After Whales Purchased the Dip
- 2025-03-15 03:30:54
- Rexas Finance (RXS) Prepares to Outpace Cardano (ADA) by Delivering 38x Returns
- 2025-03-15 03:30:54
Related knowledge
What is the "Lightning Network"? How does it solve the congestion problem of the Bitcoin network?
Mar 11,2025 at 12:55pm
Key Points:The Lightning Network is a layer-2 scaling solution for Bitcoin, operating on top of the main blockchain.It addresses Bitcoin's scalability issues by enabling faster and cheaper transactions off-chain.Transactions are conducted through a network of payment channels, significantly reducing the load on the Bitcoin blockchain.Setting up and usin...
How is blockchain applied to the gaming industry?
Mar 14,2025 at 10:10pm
Key Points:Blockchain technology offers enhanced security and transparency in game assets.Non-fungible tokens (NFTs) are revolutionizing in-game item ownership and trading.Decentralized Autonomous Organizations (DAOs) can empower players with greater control.Blockchain-based games offer new economic models with player-owned economies.Scalability and use...
What is a "state channel" in blockchain? How does it improve transaction efficiency?
Mar 15,2025 at 03:25am
Key Points:State channels are off-chain solutions that enable faster and cheaper transactions within a blockchain network.They achieve this by moving transactions outside the main blockchain, only updating the blockchain with the final state.This significantly reduces network congestion and transaction fees, improving scalability.Several different state...
What is a blockchain browser? What does it do?
Mar 11,2025 at 06:00pm
Key Points:Blockchain browsers are specialized tools designed to explore and interact with blockchain networks. They provide a user-friendly interface for accessing and analyzing data stored on a blockchain.They differ from traditional web browsers by focusing solely on blockchain data, offering functionalities not found in standard browsers.Key functio...
What is NFT? How does blockchain support non-fungible tokens?
Mar 14,2025 at 11:40am
Key Points:NFTs are unique, non-interchangeable digital assets verified on a blockchain. Their uniqueness is their defining characteristic, unlike cryptocurrencies which are fungible.Blockchain technology provides the security, transparency, and immutability crucial for NFT existence and verification. It acts as a public ledger recording ownership and t...
What is the difference between "cold wallet" and "hot wallet" in blockchain?
Mar 11,2025 at 06:46pm
Key Points:Cold wallets prioritize security by storing private keys offline, minimizing exposure to online threats. They are generally considered more secure than hot wallets.Hot wallets offer convenience through online accessibility, enabling quick transactions. However, this accessibility increases vulnerability to hacking and malware.The choice betwe...
What is the "Lightning Network"? How does it solve the congestion problem of the Bitcoin network?
Mar 11,2025 at 12:55pm
Key Points:The Lightning Network is a layer-2 scaling solution for Bitcoin, operating on top of the main blockchain.It addresses Bitcoin's scalability issues by enabling faster and cheaper transactions off-chain.Transactions are conducted through a network of payment channels, significantly reducing the load on the Bitcoin blockchain.Setting up and usin...
How is blockchain applied to the gaming industry?
Mar 14,2025 at 10:10pm
Key Points:Blockchain technology offers enhanced security and transparency in game assets.Non-fungible tokens (NFTs) are revolutionizing in-game item ownership and trading.Decentralized Autonomous Organizations (DAOs) can empower players with greater control.Blockchain-based games offer new economic models with player-owned economies.Scalability and use...
What is a "state channel" in blockchain? How does it improve transaction efficiency?
Mar 15,2025 at 03:25am
Key Points:State channels are off-chain solutions that enable faster and cheaper transactions within a blockchain network.They achieve this by moving transactions outside the main blockchain, only updating the blockchain with the final state.This significantly reduces network congestion and transaction fees, improving scalability.Several different state...
What is a blockchain browser? What does it do?
Mar 11,2025 at 06:00pm
Key Points:Blockchain browsers are specialized tools designed to explore and interact with blockchain networks. They provide a user-friendly interface for accessing and analyzing data stored on a blockchain.They differ from traditional web browsers by focusing solely on blockchain data, offering functionalities not found in standard browsers.Key functio...
What is NFT? How does blockchain support non-fungible tokens?
Mar 14,2025 at 11:40am
Key Points:NFTs are unique, non-interchangeable digital assets verified on a blockchain. Their uniqueness is their defining characteristic, unlike cryptocurrencies which are fungible.Blockchain technology provides the security, transparency, and immutability crucial for NFT existence and verification. It acts as a public ledger recording ownership and t...
What is the difference between "cold wallet" and "hot wallet" in blockchain?
Mar 11,2025 at 06:46pm
Key Points:Cold wallets prioritize security by storing private keys offline, minimizing exposure to online threats. They are generally considered more secure than hot wallets.Hot wallets offer convenience through online accessibility, enabling quick transactions. However, this accessibility increases vulnerability to hacking and malware.The choice betwe...
See all articles
