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The number of confirmations needed transaction ID once you make Bitcoin users have experienced. Sometimes, users might want to proof that somebody has made two separate transactions, a process known as double-spending.
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What Happens To Unconfirmed Bitcoin Transactions And How To Fix ThemIt is common for six confirmations to be required which takes about an hour. Knowing how many confirmations are required by the service provider. Most cryptocurrency exchanges require between 1 and 3 confirmations for Bitcoin transactions. When we're talking about �confirmations� in. A confirmation represents the acceptance of a new block (containing several transactions) by the blockchain network. A transaction with many confirmations.
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