When crypto is transferred over its blockchain network, the transaction is processed and verified by all computers that integrate the network. A confirmation indicates that the network has processed a transaction and it is unlikely that it will be undone. When a transaction is included in a block, it is confirmed, and the same is true for each block after that. With each confirmation, the likelihood that the transaction would be undone is reduced exponentially.
Written by Gabby M
Updated over 2 years ago