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The transaction verification process differs to revolutionize many industries beyond.
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How transactions are verified in Bitcoin Blockchain - Longest chain rule explainedToday, the industry standard is between 1 and 3 confirmations. Here's how many confirmations for Bitcoin are required by some of the biggest. A bitcoin or ethereum transaction is considered unconfirmed until it has been included in a block on the blockchain, at which point it has one confirmation. Bitcoin Average Confirmation Time is at a current level of , down from yesterday and up from one year ago. This is a change of % from.
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