Sara
Fri Jul 12 2024
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7 answers
1712
How long does a bitcoin transaction take to receive a confirmation?
As a cryptocurrency enthusiast, I'm curious about the speed of transactions within the Bitcoin network. Could you elaborate on how long it typically takes for a Bitcoin transaction to receive a confirmation? I understand that the timeframe varies due to network congestion and other factors, but I'm interested in getting a general sense of the average waiting period. Additionally, would you be able to explain the role of miners in the confirmation process and how their work contributes to the overall speed of transactions? This information would greatly assist me in understanding the dynamics of the Bitcoin network.
