Let’s talk about block confirmations.
A transaction gets 1 confirmation when it’s included in a block. Each block added afterward increases the confirmation count by 1.
One thing many people overlook: the more blocks built on top of the block containing a transaction, the more blocks would have to be recomputed to alter that transaction, making it less likely to be reversed.
When receiving a large payment, don’t assume it’s settled as soon as you see zero confirmations. Wait for enough confirmations before considering it safe.
Coin: $BTC is quoted at 80437.1, 24h +4.62%.
A transaction gets 1 confirmation when it’s included in a block. Each block added afterward increases the confirmation count by 1.
One thing many people overlook: the more blocks built on top of the block containing a transaction, the more blocks would have to be recomputed to alter that transaction, making it less likely to be reversed.
When receiving a large payment, don’t assume it’s settled as soon as you see zero confirmations. Wait for enough confirmations before considering it safe.
Coin: $BTC is quoted at 80437.1, 24h +4.62%.