Mike on Nostr: The more I know about Bitcoin, the more I realise how little I know…. Stupid ...
The more I know about Bitcoin, the more I realise how little I know….
Stupid question incoming:
What confirms a Bitcoin transaction?
I needed 5 confirmations on my transaction before I can use the Bitcoin in Jam. So I’ve been tracking the transaction on the mempool and after an hour and 5 blocks have been mined after the transactions, I’ve finally got the 5 I need.
So again my question, what confirms a transaction?
The miner is just trying to guess the hash, the node simply copies the blockchain and does it’s own verification while copying it.
Stupid question incoming:
What confirms a Bitcoin transaction?
I needed 5 confirmations on my transaction before I can use the Bitcoin in Jam. So I’ve been tracking the transaction on the mempool and after an hour and 5 blocks have been mined after the transactions, I’ve finally got the 5 I need.
So again my question, what confirms a transaction?
The miner is just trying to guess the hash, the node simply copies the blockchain and does it’s own verification while copying it.