Cryptocurrency Q&A
What is a bitcoin transaction that is confirmed?
What is a bitcoin transaction that is confirmed?
Ilaria
Tue Jul 16 2024
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5
answers
1157
I don't understand this question. Could you please assist me in answering it?
5 answers
Carlo
Wed Jul 17 2024
Each time a block is successfully added to the blockchain, it serves as a confirmation for all the transactions within that block.
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Sara
Wed Jul 17 2024
Bitcoin confirmations represent the total number of blocks generated since the block that contains your transaction details.
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Maria
Wed Jul 17 2024
A confirmed Bitcoin transaction signifies the successful verification and integration of a transaction into the blockchain network.
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EmeraldPulse
Wed Jul 17 2024
Once a transaction is broadcasted to the network, miners begin to validate it by solving complex cryptographic puzzles.
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Elena
Wed Jul 17 2024
The validation process involves adding the transaction details to a block and solving the block's hash.
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