Author

Topic: When transactions stop getting confirmations ? (Read 503 times)

staff
Activity: 3500
Merit: 6152
As the title says , I'm wondering if the transactions keep getting confirmations with the time or it stops at a certain time ? If it doesn't stop at all then why exactly ? what's the point

You make a transaction, it gets included in a block, and now has 1 confirmation.
When the next block is mined on top of the one containing your transaction, it has 2 confirmations.

On average, 6 extra confirmations will be generated per hour (144 per day, 1008 per week, 52560 per year) , forever.


Offcourse, some services might chose to show only the first couple confirmations in their GUI, this doesn't mean more confirmations are added Wink

So basically it stay forever and never stop unless Bitcoin dies with one way or another . thanks !
hero member
Activity: 840
Merit: 1000
As the title says , I'm wondering if the transactions keep getting confirmations with the time or it stops at a certain time ? If it doesn't stop at all then why exactly ? what's the point

You make a transaction, it gets included in a block, and now has 1 confirmation.
When the next block is mined on top of the one containing your transaction, it has 2 confirmations.

On average, 6 extra confirmations will be generated per hour (144 per day, 1008 per week, 52560 per year) , forever.


Offcourse, some services might chose to show only the first couple confirmations in their GUI, this doesn't mean more confirmations are added Wink

EDIT: after some googling, this should have been satoshi's first transaction:
https://blockexplorer.com/block/00000000d1145790a8694403d4063f323d499e655c83426834d4ce2f8dd4a2ee
It now has 406902 confirmations, and counting Wink
staff
Activity: 3500
Merit: 6152
As the title says , I'm wondering if the transactions keep getting confirmations with the time or it stops at a certain time ? If it doesn't stop at all then why exactly ? what's the point
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