Block Confirmation

Von CoinGecko | Aktualisiert am 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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Verwandte Begriffe

Do Your Own Research (DYOR)
An advice for investors to do their own research on the coins they wanted to invest in
Miners
Contributors to a blockchain taking part in the process of mining.
Open Source
Open-source software is a type of software released under a license in which the copyright holder grants users the rights to study, change, and distribute the software to anyone and for any purpose.
Stale Block
Double mined blocks that are not included in the blockchain.
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