BYDFi
獲取應用程序並隨時隨地進行交易！
Exchange
common-fire-img
MoonX
Exchange
common-fire-img
MoonX
買幣
行情
交易
衍生品
hot
BOT
common-tag-new-0
活動中心
common-tag-new-0
福利中心

In the context of cryptocurrency, what is the expected duration for 35 network confirmations?

Re HiSep 07, 2023 · 2 years ago3 answers

In the world of cryptocurrency, when a transaction is made, it needs to be confirmed by the network to ensure its validity and prevent double-spending. Each confirmation represents a block being added to the blockchain. For 35 network confirmations, what is the estimated time it would take for these confirmations to be completed?

Cryptocurrency
Network Confirmations
Transaction Time

3 answers

  • Faber PettyJan 14, 2023 · 2 years ago
    The expected duration for 35 network confirmations in the context of cryptocurrency can vary depending on the specific blockchain network. On average, it can take anywhere from a few minutes to several hours. Factors such as network congestion, transaction fees, and the consensus algorithm used by the blockchain network can affect the confirmation time. It's important to note that different cryptocurrencies may have different confirmation times, so it's always best to check the specific blockchain network for the most accurate estimate.
  • Jennifer SterrettFeb 23, 2023 · 2 years ago
    When it comes to network confirmations in cryptocurrency, the expected duration for 35 confirmations can be influenced by various factors. These factors include the block time of the specific cryptocurrency, the number of transactions in the network, and the level of network congestion. In general, for popular cryptocurrencies like Bitcoin, it may take around 1 to 2 hours to complete 35 network confirmations. However, for smaller cryptocurrencies or during periods of high network activity, it could take longer. It's always a good idea to check the current network conditions and consult the specific cryptocurrency's documentation for more precise estimates.
  • Hess HvidAug 17, 2021 · 4 years ago
    At BYDFi, we understand the importance of network confirmations in the cryptocurrency ecosystem. The expected duration for 35 network confirmations can vary depending on the blockchain network being used. For popular cryptocurrencies like Bitcoin, it typically takes around 1 to 2 hours to complete 35 confirmations. However, it's important to note that this can be influenced by factors such as network congestion and transaction fees. It's always a good practice to monitor the network conditions and consult the specific cryptocurrency's documentation for the most accurate estimate.

Related questions

Load 5 more related questions

Related Tags

Hot Questions