If someone asked you how many blocks (or minutes) they should wait to make sure their Bitcoin (BTC) transaction is irreversible, would you know what to say? The “rule of thumb” would be between three to six blocks (around 30 to 60 minutes), but experts say it should be even more.
Different people could give different answers, and a recent post by Luke Dash Jr. (@LukeDashjr) — a Bitcoin Core developer — on X suggests that a 12-block waiting (around 120 minutes) is the safer approach, considering Bitcoin mining‘s current state.
Indeed, probably should wait a good 12 blocks now
— Luke Dashjr (@LukeDashjr) September 19, 2023
With that in mind, Finbold went deeper into understanding what is the safer confirmation time for a Bitcoin transaction.
Bitcoin transactions have probabilistic finality
Due to Bitcoin having what is called ‘probabilistic finality’, transactions’ irreversibility increases for each new block added to the blockchain after the block that included the t
We współpracy z: https://finbold.com/bitcoin-transactions-need-2-hours-to-be-safe-says-developer/
