What are the potential reasons for a pending transaction to fail in the realm of digital currencies?

1 answers

• Nov 24, 2021 · 3 years ago
  At BYDFi, we understand that pending transactions can be a source of frustration for users. There are a few reasons why a pending transaction may fail in the realm of digital currencies. One common reason is the lack of gas fees. Gas fees are required to process transactions on the blockchain network, and if the sender does not provide enough gas fees, the transaction may fail or get stuck in a pending state. Another reason could be an issue with the smart contract code. If there are bugs or vulnerabilities in the code, it can lead to transaction failures. Additionally, network congestion and high transaction volumes can also cause delays and failures. We recommend users to ensure they have sufficient gas fees and to review the smart contract code before initiating a transaction to minimize the chances of failure.
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