Block Confirmation

- CoinGecko 님 | 업데이트: 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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관련 용어

Miners
Contributors to a blockchain taking part in the process of mining.
Full node
Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.
Hard cap
The maximum amount that an ICO will be raising.
Market Maker
Participant of the market who creates buy and orders
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