Crypto Basics | Why does a deposit have to wait for several confirmations?
After Ethereum switched to proof of stake, blocks generally reach “finalized” status after two epochs (about 12.8 minutes).
The wait for several confirmations is because brief chain forks can occasionally occur: when two miners produce blocks at nearly the same time, only one branch is ultimately retained.
Lastly, the market update: $BTC is at 77624 (24h -4.69%).
Understanding the principles helps you make informed decisions; it’s not about predicting market movements.
#BTC
After Ethereum switched to proof of stake, blocks generally reach “finalized” status after two epochs (about 12.8 minutes).
The wait for several confirmations is because brief chain forks can occasionally occur: when two miners produce blocks at nearly the same time, only one branch is ultimately retained.
Lastly, the market update: $BTC is at 77624 (24h -4.69%).
Understanding the principles helps you make informed decisions; it’s not about predicting market movements.
#BTC