Blockchain is the only truth
When I wrote this, the transaction has a 204 confirmation. That means it was absolutely received.
If the address is correct, if the recipient says “not received”, they are wrong. Their wallets aren’t synced properly, or they’re wrong (or lying to you)
Note that Bitcoin doesn’t actually send money from the wallet to the wallet. This is not a time-consuming process to send and receive. Never have money from one wallet, and another “in the middle.”
The only thing sent is the new block sent to every Nodes (wallets, etc.) into the world of Bitcoin about every 10 minutes. As long as you have the latest block, you know exactly which addresses have the money.
Below is to clarify my point about the process not taking time. You should skip this unless you are interested or controversial about this details.
Transaction Period
Let’s take a closer look at what happens when you make a typical Bitcoin payment. Note that bitcoin is quite complicated, so simplify it. There are exotic payment forms that I don’t cover (RBF, M’s N,…). Although my knowledge is limited, I think I can shed a little more light on this subject.
When you make payments with your wallet, what happens is that the wallet builds a kind of proposal for a transaction. This proposal will be sent to a node near the Bitcoin network.
After submitting that proposal, your wallet will mark the amount of input that is reserved for that transaction and will not attempt to use it again. But your wallet knows that this amount is still under your control and that it is as “in your wallet” as ever, and not another person’s wallet yet Sho.
After some time, the proposed transaction is passed from node to node, checked on each, and reach some miners. Ultimately, the miner incorporates the proposed transaction into the block and successfully mines the block.
Before this moment, the miner considers money to be yours. After this moment, the miner considers the money to be that of the recipient. There is no time for miners to consider their money to be transported.
The miner sends a new block to a nearby node. Once each node checks and finishes a new block, it stops certain nodes from believing that money is yours and begins to believe that money belongs to the recipient’s.
The new block is passed from the node to the node and passed to the node until it reaches the wallet. Instantly, you will see that your money is stopped believing that it belongs to yours and begin to believe that the money now belongs to the recipient (tentatively †).
There’s no time in between. There’s no time to believe that your wallet is not in the wallet in transit between the wallets. None of them are really impossible.
There is time for the proposed transaction to be in circulation, but during that time, all nodes consider the money to be yours. All nodes will accept other suggestions from you for another transaction that includes the money. This is because the money is still yours and hasn’t come off yet until one of these suggestions is included in the mined block.
The distribution of proposed transactions takes time. Mining takes time. Because the Bitcoin network is large, some nodes may have the latest blocks and some may not. The network says it hasn’t reached a consensus, but each node has no doubts as to whether the money belongs to you or is a recipient.
Money ownership changes are instantaneous (separately at each node) and money is by no means “between the wallet.”
†Blockchain forking
There are many independent miners (and mining pools), so there may be two or more blocks mined at about the same time to compete to be accepted as the next block that is generally accepted It has sex. This means that recently accepted blocks are discarded in favor of another block with more subsequent blocks mined “on top.” This is why nodes typically wait for at least 5 blocks to be mined above the block containing transactions (6 blocks in total) to accept changes in ownership of money as fully confirmed.
So it is between the time period before the first block is mined and the sixth block mined if the node may consider it not to be fully aware of changes in ownership of money. This does not mean that nodes don’t know who has the money. That doesn’t mean that money is in transit. This does not mean that Bitcoin Network can issue a second transaction to retrieve money from the recipient’s wallet. That means there are small possibilities that a proposed transaction that the Bitcoin network has never been mined in the first place will never happen, see nothing, and may collectively decide to move. In most cases where this happens, the forgotten proposed transaction is automatically included in subsequent blocks, everything is fine and everyone forgets that there was a hiccup.
This does not occur in all transactions. This is rare and not a case of “in transit” or “not a wallet” or “not received yet.”
Terminology and philosophical aspects
Proposed deals
I’ll talk above suggestion Transactions and suggestion. These words are not commonly used in the Bitcoin community. Most people talk about transactions, unconfirmed transactions, confirmed transactions. I wanted to use another word to clearly distinguish between transactions that have not yet been mined.
What do you have in your wallet?
The reason I put “in your wallet” inside Scare-Quotes is that the bitcoin wallet doesn’t actually contain any money. They contain a secret number called a private key. This can be used to prove that you have control over your money (owns your own money). Anyone else who knows that a secret number can take money “from your wallet” from afar without accessing your wallet! Money is not stored in Bitcoin wallets, but we go with the Charades as it is a useful shorthand that makes it easy to talk about Bitcoin easily. Despite its misconception, it’s a convenient way to explain Bitcoin to beginners And it’s not safe.
This is strange!
Others will feel my explanation for how Bitcoin places too much emphasis on the fundamentally dry technology (scary?) transactional nature. It is an intermediary organization and is then placed in someone’s Else leather wallet. I agree that there is some utility in this view, but the sender’s wallet has no bills and is not the recipient’s wallet, but the hand of the intermediary who is asked to return them or intervene in order to intervene, not the recipient’s wallet. I’m worried that it will give the impression that there is. Change the result. Please literally read the original title of the question at the top of this page.
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