Questions Categorized Under - confirmations

benjamin_brown_entrepreneur Thu Jul 11 2024 | 7 answers 1746

What are bitcoin confirmations?

Could you elaborate on the concept of "bitcoin confirmations" in a concise yet comprehensive manner? I'm curious to understand how they work within the <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> network and why they are significant for transactions. Specifically, I'd like to know what they represent, how they are generated, and how they impact the security and finality of Bitcoin transactions. Additionally, I'm interested in understanding the relationship between confirmations and transaction fees, as well as any potential risks associated with low confirmation counts.

What are bitcoin confirmations?

Arianna Tue Jul 09 2024 | 6 answers 1560

How many confirmations should a bitcoin wallet have?

I don't understand this question. Could you please assist me in answering it?

How many confirmations should a bitcoin wallet have?

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