Crypto Basics | Why do deposits require several confirmations?
Transactions that haven’t been included in a block yet are queued in the mempool. They have zero confirmations and could be pushed out of the mempool at any time or never be included in a block.
The more blocks are built on top of a transaction, the more blocks would need to be redone to alter it, making it less likely to be reversed.
Coin discussed: $BTC . Current price: 71417.19, 24h: -3.41%.
Verify information with multiple sources before making a decision; don’t just take one person’s word for it.
Transactions that haven’t been included in a block yet are queued in the mempool. They have zero confirmations and could be pushed out of the mempool at any time or never be included in a block.
The more blocks are built on top of a transaction, the more blocks would need to be redone to alter it, making it less likely to be reversed.
Coin discussed: $BTC . Current price: 71417.19, 24h: -3.41%.
Verify information with multiple sources before making a decision; don’t just take one person’s word for it.