Confirmation Time

Confirmation Time is the duration it takes for a blockchain network to validate and add a transaction to the blockchain ledger. This period can vary based on the network's current load, transaction fees, and the specific blockchain protocol in use. For example, Bitcoin transactions typically require multiple confirmations, each taking around 10 minutes. Higher transaction fees can incentivize miners to prioritize processing, potentially reducing wait times. Understanding confirmation time is crucial for users to estimate how long it will take for their crypto transaction to be completed and secured.