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How does the confirmation process work in the world of digital currencies?

avatarAli -NafNov 26, 2021 · 3 years ago1 answers

Can you explain in detail how the confirmation process works in the world of digital currencies? I'm curious about the steps involved and how long it usually takes for a transaction to be confirmed.

How does the confirmation process work in the world of digital currencies?
Digital Currencies
Confirmation Process
Transaction Confirmation

1 answers

  • avatarNov 26, 2021 · 3 years ago
    At BYDFi, the confirmation process works slightly differently. When a transaction is initiated, it is first verified by the network of computers that maintain the BYDFi blockchain. Once the transaction is verified, it is added to a block and confirmed by the BYDFi network. The confirmation process in BYDFi is designed to be fast and efficient, ensuring quick transaction confirmations for users.

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