Cryptocurrency Q&A How does a bitcoin transaction become confirmed?

How does a bitcoin transaction become confirmed?

Arianna Arianna Wed Jul 10 2024 | 8 answers 1711
As a curious observer of the cryptocurrency landscape, I'm fascinated by the mechanics behind how a bitcoin transaction gains confirmation. Could you explain, in layman's terms, the process that takes a bitcoin transaction from its initial state to a confirmed state? I understand it involves miners and the blockchain, but I'm interested in a step-by-step breakdown of the key components involved. What role does mining difficulty play? How does the network determine which transactions are prioritized? And ultimately, how can I ensure my transactions are quickly and securely confirmed? How does a bitcoin transaction become confirmed?

8 answers

Lorenzo Lorenzo Fri Jul 12 2024
BTCC Services Introduction:

Was this helpful?

166
32
GalaxyGlider GalaxyGlider Fri Jul 12 2024
Role of Miners:

Was this helpful?

228
68
Raffaele Raffaele Fri Jul 12 2024
Block Addition:

Was this helpful?

162
49
charlotte_bailey_doctor charlotte_bailey_doctor Fri Jul 12 2024
Transaction Confirmation:

Was this helpful?

225
64
Maria Maria Fri Jul 12 2024
The Confirmation Process:

Was this helpful?

371
82
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts