Bitcoin transactions are irreversible and, as such, require a high degree of trust. In order to ensure that a Bitcoin transaction is legitimate and will not be reversed, it is necessary to wait for a number of confirmations. How long this process takes depends on the transaction fee and the network congestion. A transaction fee […]
How Long Does A Bitcoin Network Confirmation Take
Bitcoin transactions are irreversible. Once a transaction is broadcast to the bitcoin network, it will be confirmed by miners and added to the blockchain. But how long does it take for a transaction to be confirmed? And how long is the blockchain? In this article, we’ll take a closer look at how long it takes […]
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