Block Confirmation
Block confirmation is the count of how many blocks have been added after a specific block in a blockchain. Each new block that is added increases the confirmation count of the previous block by one.
More terms under B
- Black-Scholes ModelThe Black-Scholes Model is a formula used to find the fair price of stock options, helping investors decide if they are priced too high or too low.
- Blake-256Blake-256 is a type of hash function used in Decred, created by a team of experts. It transforms data into a fixed-size string of characters, helping to ensure…
- BlockA block is a group of transaction records that are collected and stored together. Blocks are the building blocks of a blockchain, which is a chain of these…
- Block ExplorerA block explorer is a tool that lets you see information about blocks on a blockchain, such as transactions and their details. It's like a search engine for…
- Block HeaderA block header is a special part of a blockchain that contains important information about a block, including its unique ID. It helps secure the block and is…
- Block HeightBlock height is the total number of blocks that have been added to the blockchain before a specific block.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.