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.
mike / Mike
npub1aq…c237n
2024-09-03 09:55:42
Author Public Key
npub1aqakd28d95muqlg6h6nwrvqq5925n354prayckr424k49vzjds4s0c237nPublished at
2024-09-03 09:55:42Event JSON
{
"id": "d4bc9ce67f66bcf18d5aa954e48b7159e33a193d57eff2b709222af393d4457c",
"pubkey": "e83b66a8ed2d37c07d1abea6e1b000a15549c69508fa4c5875556d52b0526c2b",
"created_at": 1725357342,
"kind": 1,
"tags": [],
"content": "The more I know about Bitcoin, the more I realise how little I know….\n\nStupid question incoming:\n\nWhat confirms a Bitcoin transaction?\n\nI 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.\n\nSo again my question, what confirms a transaction? \n\nThe miner is just trying to guess the hash, the node simply copies the blockchain and does it’s own verification while copying it.\n",
"sig": "01cd9fe88fbf8b72f283be2c760531d8d8f646bd4377c7419dbf6643b96c2a0d96ac2d5920d263c2486742af5b77667de9cbd3059b7f2ffc25323080084c0c75"
}