Crypto trivia 📚 Block confirmations
A transaction gets 1 confirmation when it’s added to a block. Each new block afterward adds 1 more confirmation.
Bitcoin produces a block every 10 minutes on average, so the 6 confirmations people often talk about take about an hour.
There’s no homework for today’s lesson, but the market might give you a pop quiz.
Coin in the example: $BTC , current price 80664 (24h +0.27%).
#BTC
For reference only. You’re responsible for any gains or losses.
A transaction gets 1 confirmation when it’s added to a block. Each new block afterward adds 1 more confirmation.
Bitcoin produces a block every 10 minutes on average, so the 6 confirmations people often talk about take about an hour.
There’s no homework for today’s lesson, but the market might give you a pop quiz.
Coin in the example: $BTC , current price 80664 (24h +0.27%).
#BTC
For reference only. You’re responsible for any gains or losses.
