New answers tagged confirmations
1
Every fully verifying node checks locally whether the transactions and blocks adhere to the consensus rules of the network. It is important that nodes enforce the consensus rules themselves as they otherwise would need to trust their peers to give them correct information—which would be trivial to abuse. By running a full node, you guarantee that your view ...
3
If Joe sends Sue a satoshi, it will be at least 9 minutes and 59 seconds until they get 1 confirmation (as I understand it).
This is not true. There is no fixed time interval between two blocks. You might see several blocks in a few minutes or no blocks for an hour. On average if looking at a bigger time frame, the block interval is ~10 minutes because of ...
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