Confirmation

When a transaction is included in a block and accepted by the network.

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What is a confirmation?

A confirmation happens when a transaction is included in a block and accepted by the network. Each new block added on top counts as an additional confirmation.

Why it matters

More confirmations generally mean a transaction is more secure and harder to reverse, because unwinding it would mean rewriting more of the chain. Many services wait for several confirmations before treating a payment as final.

Related terms

The method a blockchain network uses to agree on which transactions are valid.

Spending the same crypto more than once.

Technology that records data across many computers at once.

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Your Luno app makes investing straightforward, with a clear and intuitive app experience we know you’ll love.