Confirmations
Definition
Confirmations refer to the process required to verify a cryptocurrency transaction by other users in the blockchain and increase the reliability of the transaction.
Confirmations refer to the process required to verify and ensure the reliability of cryptocurrency transactions on the blockchain. Once a transaction is added to the blockchain, it must be confirmed on the blockchain by miners to verify the authenticity of the transaction and secure the transaction. This confirmation process is accomplished by adding a transaction to blocks in the blockchain. With each new block added, the level of verification of the transaction in the blockchain increases, ensuring the reliability of the transaction. Cryptocurrency transactions usually require several confirmations, but this number may vary depending on the amount and reliability of the transaction. More confirmations indicate that the transaction is more secure, while fewer confirmations indicate that the transaction is faster. —
This entry is part of the JrKripto crypto glossary. We explain key terms and concepts to help investors and traders understand the cryptocurrency market. Clear definitions support better decision-making and risk management.
Browse the full JrKripto glossary for more definitions on trading, DeFi, blockchain, and market analysis. Each term includes a short definition and extended explanation to support your research.
The JrKripto crypto glossary explains important terms and concepts so investors can understand the market better. Clear definitions support decision-making and risk management. Each entry has a short definition and, where useful, an extended explanation for quick reference or deeper reading.
The glossary covers a wide range of topics from trading and DeFi terms to blockchain infrastructure and market indicators. You can find terms via search or the term list. Use the related terms section to discover related concepts.
