Confirmation
A 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 is secure and accepted by the network.
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- ConfirmationsA cryptocurrency transaction is confirmed when it is added to a block on the blockchain. Each new block that follows adds another confirmation, making the…
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- ConsensusConsensus is when everyone in a blockchain network agrees on the sequence and details of the data blocks added to the chain.
Educational definition. Protocol rules and market conventions can differ; check an asset's official documentation.