Many people think block confirmations are simple, but this is where it’s easy to get confused:
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 to wait for several confirmations is that the chain can sometimes reorganize: when two miners produce blocks at nearly the same time, only one branch will ultimately remain.
When receiving a large transfer, don’t assume it has arrived just because it has zero confirmations. Wait for enough confirmations before counting on it.
By the way: $BTC is currently priced at 70183.9 (24h -4.95%).
#BTC
Do your research before placing an order.
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 to wait for several confirmations is that the chain can sometimes reorganize: when two miners produce blocks at nearly the same time, only one branch will ultimately remain.
When receiving a large transfer, don’t assume it has arrived just because it has zero confirmations. Wait for enough confirmations before counting on it.
By the way: $BTC is currently priced at 70183.9 (24h -4.95%).
#BTC
Do your research before placing an order.