{"id":3247,"date":"2021-01-20T18:48:41","date_gmt":"2021-01-20T18:48:41","guid":{"rendered":"https:\/\/afluxcoin.com\/48\/the-role-of-confirmations-on-the-block\/"},"modified":"2021-01-20T18:48:41","modified_gmt":"2021-01-20T18:48:41","slug":"the-role-of-confirmations-on-the-block","status":"publish","type":"post","link":"https:\/\/afluxcoin.com\/es\/48\/the-role-of-confirmations-on-the-block\/","title":{"rendered":"El papel de las confirmaciones en el bloque"},"content":{"rendered":"<p>The blockchain technology that brought about the existence of Bitcoin and subsequent cryptocurrencies opened up the world to a new kind of digital disruptions ranging from information to industry and looking at the whole financial landscape with a new eye and a new perspective. Along with it came new processes aiming to simplify further modern standards that present societies were already accustomed to.The BlockchainIt is becoming common knowledge that blockchain technology espouses decentralization, transparency, immutability, security, accountability, speed transactions, and low fees due to the elimination of third parties. And without these intermediating parties, there is a need to confirm transactions before a block is chained to the group of blocks of confirmed transactions.The PoolingEvery bitcoin transaction is pooled among other unconfirmed transactions until bitcoin miners select a transaction and incorporate it into a block of transactions. Miners are then to solve a complex mathematical puzzle as proof of work before the network verifies the block and adds it to the blockchain. Every single time that there is a new block being added connected to your block means that the transaction is valid and, therefore, confirmed as such by the blocks added.The SecurityBitcoin miners need very powerful computers that spend huge amounts of electricity just to solve difficult mathematical puzzles before blocks are confirmed. This is the same for every block chained on the network. Undoing a block requires an equal amount of energy that going through blocks just to undo a particular block is next to impossible. This means that a confirmed transaction is secure after being surrounded by other blocks. Blocks are measures of a transaction\u2019s confirmation. The more blocks, the more confirmations, the more secure the transaction will be.The ConfirmationSellers and buyers engaged in small transactions $1,000 and below need not wait for another transaction to transpire\u2026<\/p>","protected":false},"excerpt":{"rendered":"<p>The blockchain technology that brought about the existence of Bitcoin and subsequent cryptocurrencies opened up the world to a new kind of digital disruptions ranging from<span class=\"excerpt-hellip\"> [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2796,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3247"}],"collection":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/comments?post=3247"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/posts\/3247\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/media?parent=3247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/categories?post=3247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/es\/wp-json\/wp\/v2\/tags?post=3247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}