Cryptocurrency Q&A
How many confirmations does a bitcoin transaction have?
How many confirmations does a bitcoin transaction have?
SakuraSmile
Tue Jul 16 2024
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5
answers
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5 answers
GalaxyWhisper
Thu Jul 18 2024
Following this initial confirmation, the Bitcoin network proceeds to reconfirm the transaction through the creation of subsequent blocks.
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MysticEchoFirefly
Thu Jul 18 2024
Approximately every ten minutes, a fresh block is generated, which serves to further validate and reinforce the legitimacy of the transaction.
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AzrilTaufani
Thu Jul 18 2024
This ongoing process of block creation and transaction reconfirmation ensures the security and reliability of the Bitcoin network.
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FireFlyer
Thu Jul 18 2024
Upon the generation of a block, a newly verified transaction is incorporated within it, marking the first confirmation for that transaction.
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Giulia
Thu Jul 18 2024
Each reconfirmation adds an additional layer of trust to the transaction, minimizing the risk of double-spending or fraud.
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