What can I do for a Pending Transaction Podcast

What to Do If Your Goblins Transaction Is Pending

If your Goblins transaction is pending for an extended period, you have three options to address the situation. Here’s what you can do:

1. Wait for Automatic Failure

  • Default Transaction Deadline: The Goblins interface has a default transaction deadline of 20 minutes. If the transaction does not confirm within this timeframe, it will automatically fail.
  • After Failure: Once the transaction fails, you can resubmit it. This might be the simplest option, but it requires patience.

2. Speed Up the Transaction

  • Increase Gas Price: Many wallets allow you to speed up a transaction by resubmitting it with a higher gas price. This increases the likelihood of the transaction being processed sooner.
  • Note: This method is not guaranteed to work every time, as it depends on network conditions and the new gas price relative to other transactions.

3. Cancel the Transaction

  • Submit an Empty Transaction: You can cancel a pending transaction by submitting an ‘empty’ transaction (a transaction with no action) with a higher gas price. This essentially replaces the pending transaction with a new one.
  • Note: Similar to speeding up, canceling is not always guaranteed to work, but it is a viable option to try.

Transaction Fees

  • Associated Costs: Each of the above options involves transaction fees. Be prepared to pay these additional fees when speeding up or canceling a transaction.

Tips and Considerations

Monitor Network Conditions

  • Network Congestion: High network congestion can lead to longer pending times. Check network conditions before submitting a transaction to gauge appropriate gas prices.

Set Appropriate Gas Prices

  • Gas Price Tools: Use gas price tools to determine optimal gas prices based on current network activity.
  • Initial Submission: Setting a competitive gas price when first submitting your transaction can help avoid pending status.

Stay Informed

  • Wallet Notifications: Enable notifications from your wallet to stay updated on the status of your transactions.
  • Transaction History: Regularly check your transaction history to ensure all actions are completed as expected.

Conclusion

If your Goblins transaction is pending for a long time, you can wait for it to fail automatically, speed it up by increasing the gas price, or cancel it by submitting an empty transaction with a higher gas price. Each option involves transaction fees, and the success of speeding up or canceling is not guaranteed. By staying informed and using appropriate gas prices, you can better manage your transactions and minimize delays.