Block Confirmation

De CoinGecko| Actualizat la 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).

Împărtășiți cu un prieten!

Termeni asociați

Rug pull
Sudden removal of liquidity which typically leads to asset prices crashing from the lack of liquidity to absorb buy/sells.
Tangle
The name for IOTA's Directed acylic graph (DAG) based transaction settlement layer.
Block Reward
One of the mechanisms built into a blockchain to incentivize validators
Wallet address
The address in which cryptocurrency can be stored, sent to and receive.
Doriți să aflați mai multe?
Înapoi la Glosar sau Abonați-vă la newsletterul nostru.
coingecko (thumbnail mini)
CoinGecko pentru iOS
coingecko (thumbnail mini)
CoinGecko pentru Android