When a miner works on the blockchain they get a commission or transaction fee for processing transactions. If you dont receive your transaction within 24 hours contact Coinbases support team.
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It is related to the fact that records known as blocks in the Bitcoin blockchain are limited in size and frequency.
. Its usually nothing to worry about and your transaction should clear within 1-2 hours. Besides increasing your transaction fee to get ahead of the queue another way to speed up your Bitcoin transaction is to transfer during off-peak periods for avoid congestion. The main reason for a pending Bitcoin transaction on Coinbase is because the Bitcoin network is congested.
Bitcoins blocks contain the transactions on the bitcoin network. Blockchain transaction fees are essentially incentives for blockchain miners on a coins network ie a Bitcoin blockchain transaction fee goes to Bitcoin miners. The Bitcoin scalability problem refers to the limited capability of the Bitcoin network to handle large amounts of transaction data on its platform in a short span of time.
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