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Crypto Glossary/Confirmation Time

Confirmation Time

The time taken for a transaction on the blockchain to be included in a block and become publicly verifiable.

When blockchain transactions are made, they are initially broadcasted and then finally included into blocks for finality. The time taken between broadcast and inclusion in a block is known as the confirmation time.

While a transaction is technically complete at the first block inclusion, some services and cryptocurrency exchanges may require additional confirmations before crediting user balances due to security concerns.

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