What is the confirmation times when depositing?

published on:2016-12-28 14:53:19Updated on:2016-12-28 14:46:46

Confirmation times is a unique idea belonging to blockchain. After the transaction records of BTC would be packed to a block, the transaction is preliminarily confirmed. When the next block links to the former one, the transaction will be further confirmed. After 6 continuous confirmation, basically this transaction is irreversibly confirmed. Bitcoin Network saves all the transaction histories to the blockchain. The blockchain will continuously lengthen and once the blocks are added to blockchain, they won't be moved. The current platform only needs 1 confirmation.


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