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Author Topic: Deadlines + Confirmations  (Read 102 times)

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Offline ben

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Deadlines + Confirmations
« on: December 06, 2013, 10:29:58 AM »
Can anyone explain how deadlines and confirmations work???


in block explorer i can see some value for the deadline

one hour deadline  = 60
1 day deadline       = 1440

how does this work?
ist this checked against confirmation count? who does check this?


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Offline Come-from-Beyond

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Re: Deadlines + Confirmations
« Reply #1 on: December 06, 2013, 11:18:42 AM »
Every transaction has such parameters as timestamp and deadline. They set the time when a transaction expires (= timestamp + deadline [in minutes]). If a transaction is not included into a block before expiration then the coins go back to the sender.

Confirmation count doesn't influence deadline nor vise versa.

Upon receiving a new block each node checks if it doesn't contain transactions that had expired before the block was generated. If it does then such the block is rejected as invalid.

Deadline is an instrument that is supposed be used to "speed up"confirmations in the future when transactions will compete for a room in blocks.

Offline ben

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Re: Deadlines + Confirmations
« Reply #2 on: December 06, 2013, 11:25:26 AM »
shouldn't be a higher fee the right thing to speed up inclusion in block...?


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Offline Come-from-Beyond

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Re: Deadlines + Confirmations
« Reply #3 on: December 06, 2013, 11:43:42 AM »
shouldn't be a higher fee the right thing to speed up inclusion in block...?

Yes. U r supposed to send a transaction with a short deadline and see if it's confirmed. If not then send again with higher fee after the transaction expires.

Offline RabidZen

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Re: Deadlines + Confirmations
« Reply #4 on: December 06, 2013, 07:36:38 PM »
I'm still feeling pretty lost. Occasionally some unconfirmed transactions appear, but how do I actually confirm them? Is there perhaps a good tutorial for newbies?

Offline Come-from-Beyond

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Re: Deadlines + Confirmations
« Reply #5 on: December 06, 2013, 07:57:55 PM »
I'm still feeling pretty lost. Occasionally some unconfirmed transactions appear, but how do I actually confirm them? Is there perhaps a good tutorial for newbies?

U have to generate a block to confirm transactions.

Offline RabidZen

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Re: Deadlines + Confirmations
« Reply #6 on: December 07, 2013, 12:14:34 AM »
I see! And how do I do that?

Offline Come-from-Beyond

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Re: Deadlines + Confirmations
« Reply #7 on: December 07, 2013, 12:16:43 AM »
Keep forging.