What is Confirmation time

Confirmation time is the time spent between the instance when the transaction is initially made and the instance when it is validated and added to a block within the chain. Confirmation time could be variable depending on the congestion of the network among other things. In some blockchain networks, confirmation time could be decreased by paying higher transaction fees for validation.

Confirmation time

Confirmation time is the time interval between the issuance and addition of a transaction within a blockchain.

Related terms

Cryptocurrency Collateralization Circulating Supply Coin Centralized Cipher

Join our free newsletter for daily crypto updates!