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MetaMask Chrome Extension – Cancel transaction & speeding 

MetaMask is a famous name in the market of crypto wallets. And it attracts the attention of almost every beginner, searching for a software digital storage platform for their assets. Even though the software wallets are not safe, the MetaMask tries its best to provide you with all the top-class security measures it can take. 

In this blog below, we have details of the MetaMask Chrome Extension, that might interest you. Therefore, buckle up and spare a few minutes on the blog, you never know, it might teach you some new things about the wallet.

Is it possible to reverse a confirmed transaction?

If you want to reverse your confirmed transaction on the MetaMask Chrome Extension, then you will not be happy to hear that it is not possible. It is because the validators have already processed the transaction and it will be successful in some time. However, if the status of your transaction is pending, then there is still hope for you, as the transaction cancellation is possible. In the further blog, we will tell you about the things you can do to speed up your transaction or cancel it.

How to speed up transaction processing?

If you need to process a transaction on an urgent basis, but do not how you can speed up the processing, then follow the list of methods below:

• Gas fees play an important role in it. You need to pay a high amount of gas fee so that the platform of MetaMask Chrome Extension gives priority to your transaction and works to process it first.
• You can also wait and see if the platform is willing to speed up the processing of its original gas fee or not.
• Press the Speed Up button on the screen, with the help of this button, you can re-submit the transaction with a higher amount of gas fee. 

Remember that speeding up the transaction will only increase the total amount of transactions as well.

How to cancel a transaction?

Here are some of the methods you can use to cancel the pending transactions:

• Select the transaction you want to reverse and tap the Cancel button.
• If there is more than one transaction you want to cancel, then start by canceling the oldest transaction. 
• You can also cancel the transaction of the same nonce, with the help of the cancellation button.

Note that these cancellation measures will only work if the network status is in pending or incomplete. Other than that, the cancellation is not possible. 

Final Views!

Now, you know some of the interesting measures related to the MetaMask Chrome Extension, which you might not know as a beginner. There are several more things like this that you do not know, so to rectify it, visit the blog section of MetaMask. On the said page, you will find a diversity of blogs, divided by several topics. Pick out any blog from the categories and read them to find other things.