6Confirmations

In cryptocurrency, the term “6 confirmations” refers to the number of times a transaction has been verified by the network using cryptography. Each confirmation represents a new block being added to the blockchain, which is a distributed ledger that records all transactions.

When a transaction is initiated, it is included in a block by a miner and added to the blockchain. As more blocks are added to the chain, the transaction becomes more secure. After six confirmations, the transaction is considered to be valid and irreversible.

Having six confirmations provides a high level of security, as it makes it extremely difficult to alter or manipulate the transaction history. This process helps prevent double spending and ensures the integrity of the network.

Overall, 6 confirmations serve as a reliable measure to ensure that transactions are valid and secure in the world of cryptocurrency.