Confirmation
A confirmation occurs when a blockchain includes a transaction in a validated block.
✦ Key Insight
More confirmations generally mean greater confidence that a transaction cannot be reversed.
✕ Common Misconceptions
Assuming zero-confirmation transactions are final.
Ignoring confirmation requirements for large transfers.
Detailed Explanation
How It Works
Every new block added after your transaction increases its confirmation count.
In Practice
Dig Deeper
Transaction Hash
A transaction hash is a unique identifier assigned to a blockchain transaction. It acts like a digital receipt number that lets users track and verify a transfer on the blockchain.
Block Explorer
A block explorer is a tool or website that lets users search and view blockchain data, including wallet addresses, transactions, token contracts, blocks, and network activity.
Blockchain
A blockchain is a decentralized digital ledger that records transactions in blocks, links those blocks together, and makes the record difficult to alter.
Ad
Get a $100K funded account
See current qualification terms and payout conditions.
Sponsored