Confirmation Time
Definition
Confirmation time is the duration between broadcasting a transaction and receiving sufficient block confirmations for practical finality. It depends on block time, network congestion, transaction fees, and how many confirmations the recipient requires.
Technical Explanation
Confirmation time = time to first inclusion + (required confirmations - 1) × block time. Transactions enter the mempool, get selected by miners (priority by fee), included in a block, then accumulate confirmations as blocks build atop.
Variables: higher fees increase selection priority; network congestion extends mempool wait; longer block times mean slower confirmations. Different use cases need different confirmation depths—coffee purchases might need one; house purchases might need dozens.
SynX Relevance
SynX optimizes confirmation times through efficient block parameters. Low-value transactions may be accepted after one confirmation; high-value transfers should wait longer. The wallet displays confirmation status and estimated finality time.
Frequently Asked Questions
- How long do SynX confirmations take?
- First confirmation after next block; multiply block time by confirmations needed.
- Can I speed up confirmations?
- Higher fees may prioritize inclusion in the next block, but confirmation depth takes time.
- How many confirmations should I wait for?
- Small amounts: 1-3. Larger amounts: 6+. Very large: even more.
Fast, reliable confirmations. Transact with SynX