Linked Questions

0
votes
3answers
74 views

Is every bitcoin transaction (eventualy) validated by every miner? [duplicate]

I can see that my bitcoin transfers becomes real when my exchange detects 2 or more confirmations. I believe each confirmation is a validation. Am I correct? If so, How many confirmations will have ...
1
vote
1answer
34 views

Meaning of confirmation within n blocks? [duplicate]

I have a hard time understanding the meaning of below sentence: "To confirm within 48 blocks, a transaction fee of 1 satoshi/byte is required." I have 2 questions here: 1) Does this mean that the ...
0
votes
1answer
49 views

What are “confirmations”when selling Bitcoins? [duplicate]

Bitcoin confirmation. When and how do I make a conformation of a sale. Do I receive a emaIl from you when I sell.
55
votes
2answers
88k views

Can someone explain how the Bitcoin Blockchain works?

I'm trying to figure out how the blockchain works and how to read it via blockchain.info website. Is there a laymen way of explaining how the block chain works and how to read the blockchain to trace ...
12
votes
1answer
1k views

How do Bitcoin clients determine the number of confirmations a transaction has?

The protocol specification doesn't seem to address this.
1
vote
2answers
966 views

Does desktop wallet need to be online for the coins to mature?

Suppose, I've installed a new coin wallet, got synchronized with the network, now I've sent some coins to my wallet. Now, if I close my wallet (and stay offline), would it get maturity after X amount ...
2
votes
3answers
801 views

What happens if a monopoly grows in Bitcoin mining and payment processing?

What happens if a monopoly grows in Bitcoin mining and payment processing? Here is a scenario that I have been thinking about. Some big corporation, like the Bank of Amerika, decides that Bitcoin is ...
1
vote
3answers
2k views

Transaction marked as “Newly generated coins” on Blockchain.info

On blockchain.info I saw a transaction labeled as "No inputs (newly generated coins)". Are these new coins generated from mining? How come that such a transaction can have 30 confirmations, while ...
4
votes
1answer
275 views

Why do first bitcoin transactions receive most confirmations?

My very first Bitcoin transaction has 740 confirmations, the next have 239, 212, 70, 43, 5, and 5, respectively. Is this just because my first transaction has had more time to get more confirmations, ...
1
vote
2answers
548 views

What does it mean to have -1 confirmations?

I have -1 confirmations for an inbound transaction on my Electrum wallet. What does is it mean to have -1 confirmations?
0
votes
0answers
49 views

No confirmations (bitcoind)

I have just installed bitcoind on my ubuntu server I have configured a new account with a password I have waited 2 days until the block chain downloads I have open my port 8333 But when I try to send ...