Confirmation

Confirmation is the process of verifying or proving something.

Confirmation is a metric used in the cryptocurrency industry to determine how many blocks have elapsed since a transaction was uploaded to a coin’s blockchain. The higher the number of confirmations, the more safe the transaction is.

When it comes to minor transactions, buyers and sellers may agree to wait for zero transactions, while parties involved in bigger deals may want to wait for more blocks.

When it comes to Bitcoin, three blocks are decent safe medium ground for confirmations, while six confirmations are recommended for bigger transactions, and you may have to wait for 60 confirmations for each huge transaction.