Confirmation
Transactions
19 references
A measure of how deep a transaction is buried under subsequent blocks. More confirmations generally reduce the risk of reorgs reversing the transaction.
Appears in 19 whitepaper sections
$USDT
Tether
Process of Tethering
...he same finality guarantees as Bitcoin transactions themselves -- typically one confirmation within ten minutes, with six confirmations (approximately one hour) considered ...
Proof of Reserves
... International Standard on Assurance Engagements, ISAE 3000) and involve direct confirmation of bank balances, review of account statements, and assessment of the reserve s...
Advantages
...thods. A tether transfer settles in approximately 10 minutes (one Bitcoin block confirmation) regardless of the geographic distance between sender and receiver, the amount ...
$XRP
XRP
Introduction
...mous — estimated at the time of writing at over $150 million per year — and the confirmation latency for transactions is measured in minutes to hours rather than seconds. F...
Definition of Consensus
... the network has reached consensus on that ledger. Validation messages serve as confirmation that the consensus round completed successfully across the network.
**Transact...
Existing Consensus Algorithms
... practical limitations for payment systems are severe:
- **Latency.** A single confirmation takes approximately 10 minutes. For high-value transactions, the recommended pr...
$SOL
Solana
Outline
... enables clients to send transactions directly to the upcoming leader, reducing confirmation latency.
We then describe how Proof of History integrates with a Proof of Stak...
Network Design
...n or to gossip unconfirmed transactions across the network. This design reduces confirmation latency because transactions arrive at the leader before it begins its slot, an...
Performance
...al performance dimension. The end-to-end latency from transaction submission to confirmation depends on several factors: network propagation time to the leader, the leader'...
Conclusion
...s the complexity of consensus from a coordination-intensive process to a simple confirmation step. This separation enables a pipeline architecture where block production, p...
$USDC
USD Coin
Reserve Management
...ttestation engagement involves examination-level procedures that include direct confirmation of bank balances with the financial institutions holding USDC reserves, indepen...
Token Lifecycle
... and ensuring compliance with transaction monitoring requirements. Upon deposit confirmation, the issuer initiates the minting process by calling the `mint` function on the...
$DOGE
Dogecoin
Introduction
...low per-unit cost made it psychologically accessible to newcomers, and its fast confirmation times made it practical for small, everyday transactions. The Dogecoin communit...
Technical Specifications
...ck time provides several practical advantages: transactions receive their first confirmation more quickly, reducing the wait time for merchants and users; the network can p...
Network Architecture
...The one-minute block time means that transactions typically receive their first confirmation within one to two minutes of being broadcast, making Dogecoin practical for poi...
Use Cases and Community
... to send very small amounts. The one-minute block time provides reasonably fast confirmation for in-person transactions. The large circulating supply means that most transa...
$BCH
Bitcoin Cash
Transaction Throughput and Scalability
...
An important aspect of Bitcoin Cash's scaling approach is the concept of "zero-confirmation" transactions. For low-value payments, merchants can accept transactions immedi...
OP_RETURN and Data Applications
... capabilities.
The combination of large OP_RETURN capacity, low fees, and fast confirmation times positions Bitcoin Cash as a competitive platform for blockchain-based dat...
Network Architecture
...
The network's relay and mempool policies are designed to support reliable zero-confirmation transactions. Nodes follow a strict first-seen rule, accepting and relaying onl...