Are there any tips to avoid pending transactions in the Litecoin network? 💡

3 answers

• King NnaemekaAug 10, 2024 · a year ago
  One tip to avoid pending transactions in the Litecoin network is to set a higher transaction fee. By increasing the fee, miners are incentivized to prioritize your transaction and include it in the next block. However, keep in mind that higher fees may result in higher transaction costs. It's important to find a balance between speed and cost when setting the fee.
  366

  183
• Hammond McGrathJul 27, 2022 · 3 years ago
  Another tip is to check the current network congestion before making a transaction. If the network is heavily congested, it's likely that your transaction will take longer to confirm. You can use blockchain explorers or Litecoin-specific tools to monitor the network congestion and adjust your expectations accordingly. Patience is key in such situations.
  355

  119
• THPJul 18, 2023 · 2 years ago
  At BYDFi, we recommend using the Lightning Network for faster and cheaper transactions. The Lightning Network is a layer 2 solution built on top of the Litecoin blockchain that allows for instant and low-cost transactions. By leveraging the Lightning Network, you can avoid pending transactions and enjoy near-instant confirmation times. It's a great option for frequent Litecoin users.
  386

  97