diff --git a/ch02.asciidoc b/ch02.asciidoc index 64a18b23..a791eec1 100644 --- a/ch02.asciidoc +++ b/ch02.asciidoc @@ -509,20 +509,6 @@ transaction through other nodes, it will reach Bob's wallet within a few seconds. Bob's wallet will immediately identify Alice's transaction as an incoming payment because it contains an output redeemable by Bob's keys. Bob's wallet application can also independently verify that the - -[TIP] -==== -((("confirmations", "of small-value transactions", -secondary-sortas="small-value transactions")))A common misconception -about bitcoin transactions is that they must be "confirmed" by waiting -10 minutes for a new block, or up to 60 minutes for a full six -confirmations. Although confirmations ensure the transaction has been -accepted by the whole network, such a delay is unnecessary for -small-value items such as a cup of coffee. A merchant may accept a valid -small-value transaction with no confirmations, with no more risk than a -credit card payment made without an ID or a signature, as merchants -routinely accept today.((("", startref="Tconstruct02"))) -==== transaction is well formed. If Bob is using his own full node, his wallet can further verify Alice's transaction only spends valid UTXOs.