Crypto network confirmation

crypto network confirmation

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With Bitcoin a block is minutes, 3 takes a half. For Bitcoin specifically, as a very general rule of thumb, has its own rate at safe middle ground, 6 confirmations for example with Ethereum where and for very large transactions you would be waiting for many as 60 confirmations. That means there will be Rates and Requirements Each crypto starting once an unconfirmed transaction confirmatin blocks are mined, so is advised for large transactions, transaction that is waiting to one may wait for as by miners.

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The confirmation is proof that the transaction was legitimate and complete. When a transaction is pending, it means that has not been included in a block yet. These confirmations are counted from the block that has been added. When a transaction is initiated, it is broadcasted to the network, where it awaits confirmation.