Transaction confimation of BTC

Modified on Sat, 5 Feb, 2022 at 3:11 PM

Bitcoin transaction confirmation is 3 but it changes so kindly contact the team to know more.


Also referred to as a trade confirmation or simply a confirmation (or "confirm"). A document used by the parties to a swap or other derivatives transaction to specify the commercial terms of the transaction including pricing terms such as the spread. 


A confirmation usually includes the transaction's notional amount. Through the mining process, a new block is created and added to the blockchain roughly every 10 minutes. 


Any new transactions are verified and recorded in this block. The transaction will have one confirmation once that block is created and the new transaction is verified and included in it. 


A transaction is considered confirmed when it is permanently recorded in the Bitcoin blockchain. The blockchain is a record of all Bitcoin transactions in the past. It is append-only which means that new data can be added to the end of the ledger but that data can never be removed once it has been included.


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