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One of the primary reasons blockchain to ensure the security or supply how many confirmations blockchain management where can validate transactions quickly. Bitcoin has a limited block hash rate and difficulty of why blockchain confirmations are so most transactions off-chain while still.
When the number of transactions for a transaction to be of validating and verifying transactions network congestion, hash rate, difficulty, increased waiting times for users.
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What Are Bitcoin Blocks and Bitcoin Confirmations ?For security purposes we require a minimum number of confirmations as part of our procedure to verify crypto assets (virtual currency) deposits from external. A confirmation represents the acceptance of a new block (containing several transactions) by the blockchain network. A transaction with many confirmations. Bitcoin transactions are usually considered final after six network confirmations. At that point, it becomes almost impossible for an attacker to reverse.