How does a bitcoin transaction get confirmed?

3 answers

• Dec 17, 2021 · 3 years ago
  Sure! When a bitcoin transaction is made, it is broadcasted to the network of computers called nodes. These nodes verify the transaction by checking if the sender has enough bitcoins and if the transaction is valid. Once the transaction is verified, it is added to a pool of unconfirmed transactions called the mempool. Miners then select transactions from the mempool and include them in a block. The block is added to the blockchain through a process called mining, where miners solve complex mathematical problems. Once a block is mined, the transactions in the block are considered confirmed.
  596298
• Dec 17, 2021 · 3 years ago
  So, when you make a bitcoin transaction, it goes through a series of checks and verifications before it gets confirmed. The transaction needs to be verified by multiple nodes in the network to ensure its validity. Once verified, it is added to the mempool and waits to be included in a block. Miners then compete to solve the mathematical puzzle and add the block to the blockchain. Once the block is added, the transaction is considered confirmed.
  448150
• Dec 17, 2021 · 3 years ago
  At BYDFi, we follow a similar process to confirm bitcoin transactions. When a transaction is made, it is verified by our network of nodes. Once verified, it is added to the mempool and included in a block through the mining process. Our goal is to ensure fast and secure confirmation of bitcoin transactions for our users.
  32281