Tokens

Confirmation

Each new block added on top of the one holding your transaction, deepening it and making reversal far harder.

A transaction gets its first confirmation when it lands in a block. Each block mined afterward adds another confirmation on top. The deeper a transaction is buried, the more computing power an attacker would need to rewrite it, so more confirmations means more security.

Conventions vary. Many exchanges wait for six Bitcoin confirmations, roughly an hour, before crediting a deposit. Others accept one for small amounts. Faster chains and proof-of-stake networks reach 'finality' differently, sometimes within seconds. For large transfers, waiting is cheap insurance.

Related terms