The transaction will normally go through on all chains because there is no "replay protection", but it is not guaranteed.
It will not affect your wallet; however, your wallet will reflect the state of the sent bitcoins in one chain, while that state might be different in another chain.
Topic: What happen to my wallet if I have an unconfirmed transaction (August 1st) (Read 344 times)
July 21, 2017, 06:31:21 PM
July 21, 2017, 03:18:59 PM
If there is a hardfork on august 1st what will happen to my transaction of 0.00006BTC with a fee of 1bit? I have BTCitcoins on that wallet, is dangerous have a pending transaction during the split of the currency? Thanks.
If there is a fork and you have an unconfirmed transaction created and sent before the fork, your transaction will likely be able to be confirmed on all chains following the fork. This means that you will have coins on all forks. However you should not trust the confirmations that you see for your transaction until it has several tens of confirmations. This is because the chain that you are looking at could, at any time, be potentially wiped out and replaced by a different chain. If that other chain does not have your transaction confirmed in it, then your transaction will become unconfirmed again.Also, it is important to note that August 1st is not the only time that a fork can occur. With false signalling and spy mining, BIP 91 (which just locked in) could cause forks once it activates.
So to consider a transaction as verified, would we need to wait till 2nd or 3rd of August? Or till it's confirmed on the forum to trust which chain and follow your confirmed transactions? I guess this will be confusing for any user who needs to send and receive transactions during 1st and 2nd August.
July 21, 2017, 02:58:15 PM
If the other bitcoins in your wallet have confirmed already, they won't be threatened by the existence of an unconfirmed transaction coming in.
July 21, 2017, 01:27:37 PM
If there is a hardfork on august 1st what will happen to my transaction of 0.00006BTC with a fee of 1bit? I have BTCitcoins on that wallet, is dangerous have a pending transaction during the split of the currency? Thanks.
If there is a fork and you have an unconfirmed transaction created and sent before the fork, your transaction will likely be able to be confirmed on all chains following the fork. This means that you will have coins on all forks. However you should not trust the confirmations that you see for your transaction until it has several tens of confirmations. This is because the chain that you are looking at could, at any time, be potentially wiped out and replaced by a different chain. If that other chain does not have your transaction confirmed in it, then your transaction will become unconfirmed again.Also, it is important to note that August 1st is not the only time that a fork can occur. With false signalling and spy mining, BIP 91 (which just locked in) could cause forks once it activates.
July 21, 2017, 12:10:29 PM
If there is a hardfork on august 1st what will happen to my transaction of 0.00006BTC with a fee of 1bit? I have BTCitcoins on that wallet, is dangerous have a pending transaction during the split of the currency? Thanks.
Jump to: