dido:public:ra:xapend:xapend.a_glossary:c:confirmation
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dido:public:ra:xapend:xapend.a_glossary:c:confirmation [2021/07/27 13:16] murphy |
dido:public:ra:xapend:xapend.a_glossary:c:confirmation [2021/10/04 07:18] (current) 40.77.167.101 ↷ Links adapted because of a move operation |
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| ===== Confirmation ===== | ===== Confirmation ===== | ||
| - | [[dido:public:ra:xapend:xapend.a_glossary| Return to Glossary ]] | + | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] |
| - | **Confirmation** is the [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] transaction has been verified by the network. This happens through a process known as mining, in a proof-of-work system (e.g. [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|Bitcoin]]). Once a transaction is confirmed, it cannot be reversed or double spent. The more confirmations a transaction has, the harder it becomes to perform a double spend attack.. | + | **Confirmation** is the [[dido:public:ra:xapend:xapend.a_glossary:b:blockchain|blockchain]] transaction has been verified by the network. This happens through a process known as [[dido:public:ra:xapend:xapend.a_glossary:m:mining|mining]], in a [[dido:public:ra:xapend:xapend.a_glossary:p:proof_of_work|proof-of-work]] system (e.g. [[dido:public:ra:xapend:xapend.a_glossary:b:bitcoin|Bitcoin]]). Once a transaction is confirmed, it cannot be reversed or double spent. The more confirmations a transaction has, the harder it becomes to perform a [[dido:public:ra:xapend:xapend.a_glossary:d:double_spend|double spend]] attack.. |
| Source: [[https://hackernoon.com/blockchain-dictionary-f4d098c9ef89]] | Source: [[https://hackernoon.com/blockchain-dictionary-f4d098c9ef89]] | ||
dido/public/ra/xapend/xapend.a_glossary/c/confirmation.1627406165.txt.gz · Last modified: 2021/07/27 13:16 by murphy
