What is the usual waiting period for 35 network confirmations in the field of digital assets?

3 answers

• Dec 28, 2021 · 3 years ago
  The usual waiting period for 35 network confirmations in the field of digital assets can vary depending on the specific blockchain network. Generally, it can take anywhere from a few minutes to several hours. This waiting period is necessary to ensure the security and integrity of the transactions on the network. The more confirmations a transaction has, the more secure it is considered to be. It's important to note that different digital assets may have different confirmation requirements, so the waiting period can vary from asset to asset.
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• Dec 28, 2021 · 3 years ago
  When it comes to waiting for 35 network confirmations in the field of digital assets, patience is key. The waiting period can be influenced by factors such as network congestion, transaction fees, and the specific blockchain protocol being used. It's always a good idea to check the current network conditions and estimated confirmation times provided by the digital asset exchange or wallet you are using. Remember, the waiting period is in place to ensure the security and reliability of the transactions, so it's worth the wait!
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• Dec 28, 2021 · 3 years ago
  At BYDFi, we understand the importance of waiting for network confirmations in the field of digital assets. While the waiting period for 35 network confirmations can vary, it is generally recommended to allow for at least 1 hour. This ensures that the transaction is securely recorded on the blockchain and reduces the risk of any potential double-spending attacks. It's always a good practice to check the current network conditions and estimated confirmation times provided by the digital asset exchange or wallet you are using to get the most accurate information regarding the waiting period.
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