Crypto Basics | Why do transfers need to wait for several confirmations?
A transaction gets 1 confirmation when it’s included in a block. Each new block added afterward increases the confirmation count by 1.
The reason you need to wait for several confirmations is that the chain can occasionally reorganize: if two miners produce blocks at almost the same time, only one branch will ultimately remain.
Quick look: $BTC current price 80800.55, 24h -1.22%.
Cross-check news with multiple sources before taking action; don’t just take one person’s word for it.
A transaction gets 1 confirmation when it’s included in a block. Each new block added afterward increases the confirmation count by 1.
The reason you need to wait for several confirmations is that the chain can occasionally reorganize: if two miners produce blocks at almost the same time, only one branch will ultimately remain.
Quick look: $BTC current price 80800.55, 24h -1.22%.
Cross-check news with multiple sources before taking action; don’t just take one person’s word for it.