Academy Blockchain Glossary Article

Confirmation

2020.07.21 0x6617

Confirmation means that the blockchain transaction has been verified by the network. This happens through a process known as mining, in a proof-of-work system (e.g. Bitcoin). Once a transaction is confirmed, it cannot be reversed or double spent. The more confirmations a transaction has, the harder it becomes to perform a double spend attack

Disclaimer: The Content is for informational purposes only, you should not construe any such information or other material as investment, financial, or other advice.

Recommended

blockchain-glossary-en