Blockchain Pioneer Age: A look in the longest-lasting transactions
As one of the leading pioneers of the blockchain revolution, Ethereum and its main platform for intelligent contracts have undergone numerous transformations since its inception. But among the whole evolution, there is a compelling story that should be told about the longest-lasting transactions in both Ethereum and Bitcoin.
Ethereum: The Record-Breaker
In 2019, the transaction site, which will descend into history as one of the longest living in Ethereum. It included the transfer of ether worth approximately $ 1 million (ETH), with the sender’s portfolio called “0x5d8F6e3afe4df5cb6ef3b85C51DE554D2A” and the recipient’s portfolio is called the D65B8AF6CE2A54 “.
This transaction lasted astonished 11 hours and 45 minutes, with the sender initiated the transfer at 07:30 UTC on March 12. The recipient then confirmed the deal at 10:25 UTC on March 13, leaving it in a limb for a huge 11 hours and 55 minutes.
Bitcoin: Speedster
Now, let’s look at the longest-lasting transactions in Bitcoin. A remarkable example is called the Genesis Block Block, which was obtained on January 3, 2009. This block contained a transaction that transferred 10 BTC from an unknown witness to an unknown recipient.
According to historical records, this transaction was made for approximately 13 hours and 24 minutes before being confirmed by Bitcoin Network. Although not the longest-lasting transaction in terms of overall duration (this distinction belongs to some other blocks), the “block of being” remains a remarkable example of Bitcoin’s speed and efficiency.
** Why do these transactions remain in the limbs?
Although these long -lasting transactions are compelling, they also raise important questions about blockchain reliability and security. In many cases, these cases may be due to technical problems or wrong network configurations. For example, if a transaction is initiated but has not been confirmed in a short period of time (for example hours), it may remain in the limbs for an indefinite period of time.
However, as Ethereum and Bitcoin ecosystems continue to ripen and improve their solutions for scalability, we can expect these long -lasting transactions to increase rarely. Nevertheless, the pioneer era of blockchain technology will always be remembered with its innovative spirit and innovative achievements.
Conclusion
The history of Ethereum’s longest-lasting transaction serves as a reminder that even in an era dominated by decentralized exchanges (Dexs) and automated market manufacturers (AMM), there are still unique moments that show the power and resistance of blockchain technology. As we move forward, it will be exciting to see how to pioneer platforms continue and press the boundaries of what is possible in blockchain.
Sources:
- Block Explorer on Ethereum
- Bitcoin Researcher
- Historical records from the Blockchain.com website