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how atomic wallet queue works
Atomic Wallet's transaction queue ensures orderly and reliable processing of transactions based on priority factors, such as network fee, type, balance, and time of day.
Nov 01, 2024 at 01:37 pm
1. Overview of Atomic Wallet Queues
Atomic Wallet is a non-custodial cryptocurrency wallet that allows users to store, manage, and exchange cryptocurrencies. When users submit a transaction through Atomic Wallet, it is added to a queue before being processed. This queue helps ensure that transactions are processed in an orderly and reliable manner.
2. How the Queue Works
- Transaction Submission: Users submit their transactions through the Atomic Wallet interface.
- Queue Entry: The transaction is added to a queue based on its priority.
- Transaction Processing: Transactions are processed in the order of their priority. High-priority transactions (e.g., transfers, exchanges) are typically processed faster than low-priority transactions (e.g., wallet backups).
- Blockchain Confirmation: Once a transaction is processed by Atomic Wallet, it is sent to the relevant blockchain for confirmation.
- Confirmation Broadcast: After the blockchain confirms the transaction, it is broadcast to the Atomic Wallet network.
- Transaction Completion: The Atomic Wallet user is notified that their transaction has been completed.
3. Factors Affecting Queue Prioritization
The priority of transactions in the Atomic Wallet queue is determined by several factors:
- Network Fee: Transactions with higher network fees are generally processed faster.
- Transaction Type: Some transaction types, such as transfers, exchanges, and deposits, are given higher priority than others.
- Wallet Balance: Transactions from wallets with higher balances may be processed faster.
- Time of Day: Transaction processing times may vary depending on the time of day.
4. Monitoring Transaction Status
Users can monitor the status of their transactions from the "Transactions" section of the Atomic Wallet interface. Transactions in the queue will be marked as "Pending". Once a transaction has been processed and confirmed, it will be marked as "Completed".
5. Additional Considerations
- Fast Queue: Atomic Wallet offers a "Fast Queue" option for a fee, which allows transactions to be prioritized and processed faster.
- Peak Congestion: During periods of peak network congestion, transaction processing times may be slower.
- Network Conditions: External factors, such as network stability and traffic, can also impact transaction processing times.
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