How Long Does a Bitcoin Block Confirmation Take?275
The Bitcoin network is a decentralized, peer-to-peer payment system that allows users to send and receive payments without the need for a central authority. Transactions on the Bitcoin network are recorded on a public ledger called the blockchain, which is maintained by a network of computers called miners. Miners verify and add new transactions to the blockchain in blocks, which are then broadcast to the rest of the network.
The time it takes for a Bitcoin block to be confirmed varies depending on a number of factors, including the number of transactions in the block, the hashrate of the network, and the size of the block.
2025-02-03
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