22 May 2020.
Many cryptocurrencies (including bitcoin) consider finality after 6 confirmations. Why is that considered secure and not 3, or 10?
3 Mar 2016.
From George Hallam: 12 confirmations; however, exchanges and entities handling very large amounts of Ether frequently are still encouraged to run two.
Vitalik Buterin wrote a blog post on block generation times vs finality. In it, you will find graphs illustrating the number of confirmations (and, total.
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22 Mar 2014.
Why is 6 is the number of confirmations that is considered secure? I haven't found any mathematical explanation or otherwise that explains why it is 6 and not 5.
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Once a transaction has been included in a mined block, the transaction has received 1 confirmation. With each subsequent block, the number of confirmations.
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