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Unconfirmed Transaction Meaning

An unconfirmed transaction refers to a payment or transfer on a blockchain that has been transmitted to the network but has not yet been processed and recorded in a block. Once created, the transaction enters the mempool, where it awaits validation by miners or validators.

Transactions remain unconfirmed until they are included in a block, at which point they receive a confirmation. The time a transaction spends unconfirmed depends on network congestion and the fee attached; higher fees incentivise faster inclusion.

Unconfirmed transactions can be replaced or cancelled by broadcasting a conflicting transaction with a higher fee (Replace-by-Fee), though this is discouraged in many contexts.

Users should wait for sufficient confirmations before assuming that an unconfirmed transaction is final.

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Important Disclaimer:

Finery Markets BVI Limited (“Finery Markets”) provides software, technology infrastructure, and related Information and Communication Technology (ICT) services on a Software-as-a-Service (“SaaS”) basis. Finery Markets acts solely as a software vendor and does not operate a trading platform, does not intermediate, match, execute, clear, or settle transactions, and does not engage in any activities that would require regulatory authorisation under applicable laws.

Finery Markets’ software is non-custodial and is provided exclusively to licensed institutional entities that act as independent operators of their own environments. All counterparties are solely responsible for establishing and maintaining their own bilateral trading and settlement relationships. Finery Markets is not a party to any such arrangements and assumes no responsibility for the conduct, verification, or compliance obligations of any users of the software.

Nothing on this website shall be construed as a financial promotion, investment advice, or an offer to engage in regulated activities. Access to and use of the software is strictly limited to clients who have entered into a software licensing agreement with Finery Markets. Persons located in jurisdictions where such access is restricted should not rely on this website or any of its contents.

Additional notice to UK visitors: This website and associated communications are not intended to constitute a financial promotion under The Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) and related guidance. Access to services provided by Finery Markets is limited to regulated entities, professional clients and eligible counterparties as set out by the Financial Conduct Authority. UK users are not permitted to use this website for the services of Finery Markets if they don't fall within these categories.