Why the transaction of Bitcoin to be confirmed two times?

wontonNoodle
Posts: 58
Joined: Wed May 03, 2017 7:41 am

Re: Why the transaction of Bitcoin to be confirmed two times?

Postby wontonNoodle » Fri Sep 08, 2017 8:42 am

An exchange is not yours until the point when its affirmed and can be effortlessly twofold spent that’s why it required double confirmation

mrShakehands
Posts: 58
Joined: Wed May 03, 2017 7:43 am

Re: Why the transaction of Bitcoin to be confirmed two times?

Postby mrShakehands » Fri Sep 08, 2017 8:43 am

this twice affirmation framework is to maintain a strategic distance from twofold spending and loss of cash, since it affirms that the exchange is finished by you!

hellGrinder
Posts: 74
Joined: Wed May 03, 2017 7:45 am

Re: Why the transaction of Bitcoin to be confirmed two times?

Postby hellGrinder » Fri Sep 08, 2017 8:44 am

just to ensure the exchange is being finished by you with the goal that you don't lose cash, because of twofold spending.

abbot
Posts: 61
Joined: Sat Apr 08, 2017 7:39 am

Re: Why the transaction of Bitcoin to be confirmed two times?

Postby abbot » Fri Sep 08, 2017 8:44 am

Ca you explain or clear the meaning of double spending?

ace
Posts: 69
Joined: Mon Apr 10, 2017 10:46 am

Re: Why the transaction of Bitcoin to be confirmed two times?

Postby ace » Fri Sep 08, 2017 8:45 am

Double spending means that the strong security (the transaction you are doing is really you or someone else)

adair
Posts: 28
Joined: Tue Apr 25, 2017 5:20 am

Re: Why the transaction of Bitcoin to be confirmed two times?

Postby adair » Fri Sep 08, 2017 8:45 am

I don’t know about that one.

alfie
Posts: 35
Joined: Sat Apr 08, 2017 10:42 am

Re: Why the transaction of Bitcoin to be confirmed two times?

Postby alfie » Fri Sep 08, 2017 8:45 am

Because it saves your money although isn’t a time consuming but be strong feature that bitcoin have

Who is online

Users browsing this forum: No registered users and 1 guest