Technical principles | How long does a transaction have to wait before it can no longer be reversed?
Bitcoin has only probabilistic finality: the more blocks are added after a transaction, the lower the probability that it will be reversed, but in theory, that probability never reaches zero.
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 the platform considers safe.
On Ethereum, staked $ETH serves as a guarantee of finality: reversing a finalized block would result in the loss of a large amount of staked funds. Current price: 2483.63.
Understand the principles before taking action; don't make decisions on impulse.
#ETH
Bitcoin has only probabilistic finality: the more blocks are added after a transaction, the lower the probability that it will be reversed, but in theory, that probability never reaches zero.
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 the platform considers safe.
On Ethereum, staked $ETH serves as a guarantee of finality: reversing a finalized block would result in the loss of a large amount of staked funds. Current price: 2483.63.
Understand the principles before taking action; don't make decisions on impulse.
#ETH