Confirmations
A cryptocurrency transaction is confirmed when it is added to a block on the blockchain. Each new block that follows adds another confirmation, making the transaction more secure.
More terms under C
- Concentrated LiquidityConcentrated liquidity allows liquidity providers to use their funds more efficiently by focusing them in specific price ranges, enabling new strategies for…
- Confidential ComputingConfidential computing is a technology that keeps data safe and encrypted even when it's being used for calculations or analysis.
- ConfirmationA confirmation in cryptocurrency is a count of how many blocks have been added to the blockchain since a transaction was recorded, showing that the transaction…
- ConsenSysConsenSys is a company that creates tools and solutions to help developers and businesses use blockchain technology.
- ConsensusConsensus is when everyone in a blockchain network agrees on the sequence and details of the data blocks added to the chain.
- Consensus LayerThe consensus layer is an essential part of a blockchain that helps all the computers in the network agree on what the current state of the blockchain is.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.