Ethereum: what is the “transaction not found” on the average blockchain?
As a cryptocurrency investor, it is natural to ask what is going on when you ask for a withdrawal or a transaction from your exchange account and the funds are not received timely. In this article, we decompose the concept of “transaction not found” (TNF) on the blockchain Ethereum, including its possible causes and implications.
What is the transaction find?
When starting a request for withdrawal from your Gemini accounts using the metamask portfolio or other supported wallets, an essentially a transaction to the Ethereum network is sent. This transaction is transmitted on the free market, where it can be viewed by other users on the Ethereum blockchain. However, if no one has received funds in a certain period of time (usually 10 minutes), it is considered “transaction not found” (TNF).
What does it mean?
In essence, the “transaction not found” means that there are no corresponding transactions on the blockchain that have been confirmed by a minor. In other words, your request is still being developed by the network, but has not been appeared in any existing transaction. This does not necessarily imply that the funds will never be received; Instead, it is simply a matter of waiting for them to appear on the free market.
Causes of transaction that are not found:
Several factors can contribute to a “transaction not found”:
- Network congestion: As for any blockchain network, a high volume of transactions can cause congestion, causing delays.
- Lack of confirmation: If the requested amount is less than $ 25 (the amount of the minimum sample twins) or if it is a small transaction, may not receive an immediate confirmation of the network.
4 If your request is part of this list but does not have enough confirmations to move forward, it will be marked in TNF.
Possible results:
In most cases, if you wait four days for the collection from Gemini and you have not yet received Bitcoin with BitTrex receiving the exchange, the following results are possible:
1
2
Attenuation factors:
To reduce the probability of meeting a “transaction not found” problem:
- Wait a reasonable time: Wait at least 10 minutes before checking if the withdrawal has been developed.
- Check the story of your transaction: Examine your recent transaction activity on the Gemini platform to make sure you don’t miss any confirmation.
- Monitor the activity of the Blockchain: keep an eye on the Mecpool activity and the network to see any potential problem soon.
Conclusion:
In conclusion, the “transaction not found” is a normal phenomenon that can occur due to various factors such as the volume of high transactions, the lack of confirmation or the congestion on the blockchain Ethereum. Although it may seem frustrating to wait four days for your twin retreat, there are measures that you can take to mitigate this problem and make sure your funds arrive in BitTrex in a timely reception.
Additional resources:
For more information on Ethereum transactions and blockchain operations, plan to explore the following resources:
- Official documentation of Ethereum: <
- Gemini exchange support page: <
- BitTrex assistance page: <
