KimonoSerenity
Thu Dec 26 2024
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5 answers
1103
Do Bitcoin accelerators work?High Network Congestion: During peak times, the Bitcoin network can experience significant congestion, leading to longer wait times for transaction confirmations. An accelerator can help your transaction cut through the backlog and get confirmed in the next available block, bypassing the usual wait.
Due to high network congestion on the Bitcoin network, transaction confirmations often face longer wait times. Bitcoin accelerators claim to expedite this process by bypassing the backlog and ensuring confirmations in the next block.
Chloe_emma_researcher
Sun Sep 08 2024
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6 answers
888
How to know the status of bitcoin transaction confirmations?
So, you're wondering about the status of your Bitcoin transaction confirmations, huh? Well, let me tell you, it's a pretty straightforward process. When you initiate a Bitcoin transaction, it gets added to a block in the blockchain, and once that block is mined and added to the chain, your transaction is considered confirmed. The number of confirmations you see is basically the number of blocks that have been mined and added to the chain since your transaction was included in a block. The more confirmations you have, the more secure your transaction is considered. Generally, most Bitcoin wallets and exchanges consider a transaction to be final and irreversible after six or more confirmations. So, to check the status of your transaction, you can simply go to a Bitcoin block explorer like blockchain.info or bitcoin.org, enter your transaction ID, and it will show you how many confirmations your transaction has. It's that easy!
