Confirmation is something that essentially provides proof that something is indeed true. Think of this as when you receive confirmation that your Uber ride will arrive on time, or that you find out that something you thought might have happened, has actually happened.In the world of cryptocurrencies, confirmation is a measure of how many blocks have actually passed since a transaction was added to a coin's blockchain.
When we discuss Bitcoin specifically, three blocks are a good safe middle ground for confirmations, while six confirmations are advised when it comes to larger transactions, and for every large transaction, you might wait for 60 confirmations. When it comes to the length, it depends on the coin itself, as each coin has a different time frame for how quickly the blocks can be mined.
For the moment with combination Avalanche and Nakamoto consensus eCash needs only 1 confirmation,soon it will be instant transactions which will be first of a Bitcoin fork. Which means eCash is justBuilding eCash XEC
Yep, and eCash only needs one confirmation.
XEC 1 ONAY 👍
By integrating the revolutionary Avalanche consensus, eCash transactions now only need 1 confirmation! 😊
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Thats nice!
Thats nice
Thats nice
BNB
Thats nice!!
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floki