/biz/ - Business & Finance

>>170416
Yes goys, why not buy some BTC right now?

>>117336
this is how i understand it, unless my trip applies to me too well.

transactions are sent to nodes immediately, which are then broadcast to other nodes and everyone else.

these transactions become `confirmed` when the next block is mined. after a number of blocks are mined, the transactions are considered safe and irreversible. you can see this in pools before payout, you can see it in the wallet when you send/receive, and when you mine.

these amounts are arbitrary and up to the coin's designer. block times can be made super fast by having low difficulty, however when you have too much hash power on too little difficulty you run into forking issues.