Cryptocurrency Q&A
How does a bitcoin transaction become confirmed?
How does a bitcoin transaction become confirmed?
Arianna
Wed Jul 10 2024
|
8 answers
1711
As a curious observer of the cryptocurrency landscape, I'm fascinated by the mechanics behind how a bitcoin transaction gains confirmation. Could you explain, in layman's terms, the process that takes a bitcoin transaction from its initial state to a confirmed state? I understand it involves miners and the blockchain, but I'm interested in a step-by-step breakdown of the key components involved. What role does mining difficulty play? How does the network determine which transactions are prioritized? And ultimately, how can I ensure my transactions are quickly and securely confirmed?
8 answers
Lorenzo
Fri Jul 12 2024
BTCC Services Introduction:
Was this helpful?
166
32
GalaxyGlider
Fri Jul 12 2024
Role of Miners:
Was this helpful?
228
68
Raffaele
Fri Jul 12 2024
Block Addition:
Was this helpful?
162
49
charlotte_bailey_doctor
Fri Jul 12 2024
Transaction Confirmation:
Was this helpful?
225
64
Maria
Fri Jul 12 2024
The Confirmation Process:
Was this helpful?
371
82
Load 5 more related questions
