WebConfirmation time is defined as the time elapsed between the moment a blockchain transaction is submitted to the network and the time it is finally recorded into a confirmed block. In other words, it represents the total time a user has to wait until their transaction gets collected and confirmed by a miner node. Depending on the type of ... WebEthereum Stack Exchange is a question and answer site for users of Ethereum, the decentralized application platform and smart contract enabled blockchain. ... EDIT: Also, how MANY blocks to wait for confirmation is debatable, here's the Q for that: ... For example we need to wait for 5 confirmations before considering a transaction mined we can ...
Ethereum (ETH) Blockchain Explorer
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What is a Block Confirmation on Ethereum? - Medium
WebJul 11, 2014 · At 60 seconds per block, however, we get 12 / 60 = 0.2 stales per valid block or a stale rate of 16.67%. At 12 seconds per block, we get 12 / 12 = 1 stale per valid block, … WebMay 19, 2024 · In view of the fact that Ethereum is in the range of 15-second average block generation times, the rule of thumb shows that it takes about 12 confirmations for finality. What do you guys know about Ethereum how many block confirmations before your transaction goes through? Feel free to share your knowledge in the comments! WebJan 9, 2024 · According to the site, ETH Gas Station has a model that takes an estimated average of how many blocks are needed for a transaction to be confirmed. Then they calculate the amount of gas used and the cost of said amount of blocks. The gas price and gas use are categorized into 4 different levels: Gas Price Below average Average Above … bip39 mnemonic words list