Most used blockchain network
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| Number of confirmations bitcoins | 123 |
| Define nerd | Mining Learn mining. The amount of confirmations that are required before a Bitcoin transaction is considered final depends on the business or person that you are sending Bitcoin to. We recommend using Electrum Bitcoin wallet with a hardware wallet like the Ledger Nano X since it allows you to raise the fee on transactions if they get stuck. Double-spending BTC coins becomes increasingly difficult as additional blocks are added to the Bitcoin blockchain. All public blockchains make use of blockchain confirmations. In this situation, the network waits for the addition of a few more blocks. Etherscan is particularly popular since you can order transactions by gas price simply click on the GasPrice column. |
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| Number of confirmations bitcoins | The bigger the value of the transaction, the more confirmations you should wait for as this helps to safely verify a transaction has taken place. Checking Bitcoin confirmations for your transaction is pretty easy. Even if you have taken care of these two reasons and have attached sufficient transaction fees, the Bitcoin network will take atleast minutes to give you 6 confirmations for more. Article Sources. This is why many exchanges and merchants that accept Bitcoin will require a transaction to have more than 1 confirmation before it is considered final. In such cases, users often resort to paying higher transaction fees to expedite their transactions. |
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