Confirmation process

+2 votes

Can you explain how confirmations work in MultiChain?

I See a lot of confirmations on my transaction history (MultiChain-Explorer), but don´t understand how they work.

Thank you a lot!

asked Nov 26 by JoToTheHannes

1 Answer

0 votes
The first time a transaction appears in a block in the chain, it has one confirmation. Every subsequent block built on top of that block increases the number of confirmations by one. So it's just a measure of how deeply the transaction is sitting in the blockchain.
answered Nov 28 by MultiChain