Why do people often say “wait for 6 confirmations” for Bitcoin, but “finalized” for Ethereum?
The number of deposit confirmations an exchange requires is essentially how long it waits for a transaction to reach a level of finality the platform considers safe.
On chains based on Tendermint (CometBFT) consensus, such as Cosmos Hub, blocks are final as soon as they’re committed, so there’s no need to wait for subsequent blocks.
Don’t laugh at me—I only learned that the hard way.
If you’re unfamiliar with a product, don’t put a large amount into it right away; it’s safer to try it out with a small amount first.
$ETH 1951.49（-4.77%）
The data comes from public sources. Please verify it for yourself.
The number of deposit confirmations an exchange requires is essentially how long it waits for a transaction to reach a level of finality the platform considers safe.
On chains based on Tendermint (CometBFT) consensus, such as Cosmos Hub, blocks are final as soon as they’re committed, so there’s no need to wait for subsequent blocks.
Don’t laugh at me—I only learned that the hard way.
If you’re unfamiliar with a product, don’t put a large amount into it right away; it’s safer to try it out with a small amount first.
$ETH 1951.49（-4.77%）
The data comes from public sources. Please verify it for yourself.