was the pioneer of the blockchain: a look at transactions with the longest life

Being one of the most important pioneers of the Blockchain Revolution, Ethereum and its basic smart contract platform have undergone numerous transformations since its establishment. But, in the midst of the whole evolution, there is a fascinating story that must be told about the longest transactions with the longest in both Ethereum and Bitcoin.

Ethereum: The Record-Breaker

In 2019, there was a transaction that will decrease in history as one of the longest lived on Ethereum. It involved the transfer of approximately $ 1 million (ETH), the shipper’s wallet being called «0x5d8f6e3e77df5CB6EF3B85CC51D5544D2A» and the recipient’s wallet being called «0xC9FB6BDA78C1AE77777777777777B34D65E5EAF6EA54».

This transaction lasted an amazing 11 hours and 45 minutes, the sender initiating the transfer to 07:30 UTC on March 12. Then, the recipient confirmed the transaction at 10:25 UTC on March 13, leaving it in Limbo for 11 hours and 55 minutes.

Bitcoin: Speedster

Now, let’s take a look at the longest transactions with the longest life in Bitcoin. A notable example is a block called «The Genesis Block», which was extracted on January 3, 2009. This block contained a single transaction that transfers 10 BTC from an unknown sender to an unknown recipient.

According to historical records, this transaction took place for about 13 hours and 24 minutes before being confirmed by the Bitcoin network. Although it is not the longest life transaction in terms of general duration (this distinction belongs to other blocks), the «genesis block» remains a remarkable example of speed and efficiency of Bitcoin.

Why do these transactions remain in Limbo?

While these long -term transactions are fascinating, they also raise important questions about the Blockchain reliability and security. In many cases, these cases may be due to the technical problems or the wrong network configurations. For example, if a transaction is initiated, but it is not confirmed in a short period of time (for example, hours), it can remain in the limbo.

However, as Ethereum and Bitcoin ecosystems continue to mature and improve their scalability solutions, we can expect these long-term transactions to become more and more rare. However, the pioneer of blockchain technology will always be remembered for the innovative spirit and its latest achievements.

Conclusion

Ethereum’s longest transaction story serves as a reminder that even in an age dominated by decentralized exchanges (DEX) and automatic market producers (AMM), there are still unique moments that present the power and resistance of blockchain technology. As we advance, it will be interesting to see how these pioneering platforms continue to evolve and push the limits of what is possible on blockchain.

Sources:

• Ethereum’s block explorer

• Bitcoin block explorer

• Historical records on the Blockchain.com site

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