Why is it taking so long to process an application?

2022-02-07 00:00:00:

Cryptocurrency transactions include such a thing as "network confirmation". Confirmation in the Bitcoin network is the process of including a transaction into a network block. In simple words, after transferring funds from one wallet to another, information about this transfer is sent to the network to obtain a validity status.

The time for confirming an operation on the network can take from 5 minutes to 2 days, and depends on many factors such as network load and the type of blockchain.