Block Confirmation

بواسطة CoinGecko | تم التحديث في Mar 03, 2020
When a new block of information has been verified for addition onto the blockchain, it has one confirmation. Each additional blocks added onto the blockchain gives the referenced block another additional confirmation. The further back a block is on the blockchain, the more costly it becomes to reverse it (through malicious means). Block confirmation is typically used by crypto exchanges to consider a cryptocurrency transaction final to protect themselves against bad actors who aim to reverse transactions after depositing (known as double spending).

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الشروط ذات الصلة

Over The Counter (OTC)
It refers to the process that cryptocurrencies are being traded outside exchange and it is done directly between two parties
Proof-of-Authority (PoA)
A consensus algorithm that asigns block validation queue based on identity and reputation.
Oracles
In the context of crypto, oracles refers to services which verify real-world and provide data to blockchains/smart contracts.
ROI
Short for “Return on Investment”, the ratio between the net profit and cost of investing.
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