How long does a transaction have to wait before it can no longer be reversed?
Ethereum blocks generally reach “finalized” status after two epochs (about 12.8 minutes).
The number of confirmations an exchange requires for a deposit is essentially how long it waits for the transaction to reach a level of finality it considers safe.
On Ethereum, the staked $ETH is the guarantee of finality: overturning a finalized block would result in the loss of a huge amount of staked funds. Currently 2403.47.
Don’t invest with borrowed money; it can affect your judgment and lead you to make bad decisions.
#ETH
Ethereum blocks generally reach “finalized” status after two epochs (about 12.8 minutes).
The number of confirmations an exchange requires for a deposit is essentially how long it waits for the transaction to reach a level of finality it considers safe.
On Ethereum, the staked $ETH is the guarantee of finality: overturning a finalized block would result in the loss of a huge amount of staked funds. Currently 2403.47.
Don’t invest with borrowed money; it can affect your judgment and lead you to make bad decisions.
#ETH