Within the questions you linked, the phrase “caught transaction” is one sometimes utilized by people who find themselves unaware of the impact of chosen transaction price on affirmation time.
As everyone knows, this form of “caught transaction” can’t delay different folks’s transactions.
In response to a Coindesk article
Cryptocurrency change Binance defined what brought on the short-term withdrawal points involving bitcoin on Monday in a sequence of tweets, saying they stemmed from repairs it was doing to deal with small {hardware} failures.
Binance wrote that it was “repairing a number of minor {hardware} failures on pockets consolidation nodes earlier at the moment, which brought on the sooner transactions that had been pending to be broadcast to the community after the nodes had been repaired.”
The corporate mentioned that “these pending consolidation transactions had a low gasoline price, which resulted within the later withdrawal transactions – which had been pointing to the pending consolidation UTXO – getting caught and never in a position to be processed efficiently.” (UTXO refers to unspent transaction output.)
As a way to repair these points, Binance mentioned it needed to “change the logic to solely take profitable UTXO from consolidation transactions or profitable withdrawal transactions. This repair can even stop the identical difficulty from occurring once more.”
So primarily, the issue was inside Binance. Some mixture of {hardware} difficulty and bugs of their inside software program. The transactions they constructed to hold out buyer’s requests had been depending on a consolidation transaction that had been affected by repairs to {hardware} failures.
The reference to “gasoline charges” appears a bit odd to me, they most likely imply low transaction charges. Nevertheless I imagine it’s clear the issue was not merely the identical kind of “caught transaction” sometimes referred to by informal Bitcoin customers. It was not merely an exterior difficulty of Bitcoin blockchain congestion or price escalation. The fault lay wholly inside Binance.
