Yes are more blocks needed to be solved in order to move past the one block conformation? I mean isn't the math already done and all that is required is other nodes to verify the solved block?
Example: once a transaction is found in a block and is broadcasted do i need to wait for two more blocks to be solved in order for my txid to be verified? Or just to wait for the solved block to be broadcasted through all 1100+ nodes around the world till consensus is met?
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Confirmations mean that it has been included in some number of blocks. More confirmations mean that the block the transaction has been included in has several blocks that come after it.Example: once a transaction is found in a block and is broadcasted do i need to wait for two more blocks to be solved in order for my txid to be verified? Or just to wait for the solved block to be broadcasted through all 1100+ nodes around the world till consensus is met?
Thanks
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Think of it this way, the number of confirmations increase as the number of blocks the transaction is included in increases. A transaction can be considered "included" in a block that comes after the one it is actually in because those later blocks include a reference to the previous blocks (including the one with the tx) and thus "include" that block and "include" that transaction.
