BlockchainBeginner

Confirmation

Inclusion of a transaction in a block, with later blocks adding confidence that it will remain accepted.

PLAIN-ENGLISH DEFINITION

In more detail

On Bitcoin, the block containing your payment gives it one confirmation. Every subsequent block adds another and more work on top of that history. This is why a recipient may wait before treating a payment as settled. Confirmations increase confidence; they don't turn settlement into an absolute guarantee.

IN THE WILD

How you might use it

'It has three confirmations now.' The payment's block is followed by two more blocks on the accepted Bitcoin chain.

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By Crypto Dictionary · Published · Updated

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