I installed a Bytecoin wallet. I'm using electrum-LTC as my wallet and my transaction still says unverified. Weve all been there, but how many of us have tried to find an answer to it?
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You think Im exaggerating? This delay can theoretically be indefinite because if your transaction fee is very less then chances are your transaction will be picked at last. Thats why they are working on solutions such as Segwit, Schnorr signatures, and lightning networks through which Bitcoin transactions will be almost instantaneous. Sorry if this is the wrong sub for these questions I am very new to litecoin here is my transaction on a block explorer edit:fixed link to transaction. So yesterday, after the synch proces was finnished, I send a few bytecoins to the address of my wallet but I still haven't recieved. I bought 50ltc from shapeshift using btc about 24 hours ago. But this is when your transaction is prioritized and included in the block. Needless to state, higher the number of transactions, more the time to process each of them. Fee In Satoshi Corresponding Time Estimation. If not, it can take longer. This is so because there is only a limited number of miners ( hash power ) and only a limited number of transactions can be processed in 1 Mb block size of Bitcoin. Well, of course, they know that using a currency for which one needs to wait for 30-60 minutes to get confirmation is simply unacceptable.
You can check the real-time state of mempool here. Long story short, a, bitcoin transaction can take up to 60 minutes or even a day or two to get confirmed. And most of the delay happens due to this only. Transaction fee attached to a BTC transaction.