⚡ Dee Kay ⚡🇸🇪🇬🇧🇨🇿🇧🇷🇦🇹 on Nostr: When you send a bitcoin transaction it goes to mempool first (if it is valid). It's ...
When you send a bitcoin transaction it goes to mempool first (if it is valid). It's then unconfirmed.
When a miner chooses to include it in a block it becomes confirmed (once).
Each time a new block is mined after that and build on top of the first conformation it gets confirmed again.
Sometimes a Blockchain gets reorganised and a confirmed transaction can become unconfirmed.
This can especially happen within first 2-3 confirmations.
It's highly highly unlikely to reorganise after 6 confirmations.
That's why large amounts should have 6 confirmations before being treated as settled.
When a miner chooses to include it in a block it becomes confirmed (once).
Each time a new block is mined after that and build on top of the first conformation it gets confirmed again.
Sometimes a Blockchain gets reorganised and a confirmed transaction can become unconfirmed.
This can especially happen within first 2-3 confirmations.
It's highly highly unlikely to reorganise after 6 confirmations.
That's why large amounts should have 6 confirmations before being treated as settled.