A transaction's position in the queue based on the fee offered. Higher fees get processed faster. During congestion, low-fee transactions can remain unconfirmed for hours or even days.
A transaction's position in the queue based on the fee offered.
Higher fees get processed faster.
During congestion, low-fee transactions can remain unconfirmed for hours or even days.
This mining concept is essential for understanding how proof-of-work blockchains secure transactions and create new coins. Important for miners evaluating profitability and hardware decisions.