arno/bitcoinbook
1
0
Fork 0
mirror of https://github.com/bitcoinbook/bitcoinbook synced 2024-11-14 03:48:58 +00:00
Code Issues Releases Wiki Activity

Edited ch02.asciidoc with Atlas code editor

Browse Source
This commit is contained in:
judymcconville@roadrunner.com 2017-04-27 15:18:34 -07:00
parent 7ac1d8f5f0
commit a7de478368
1 changed files with 1 additions and 1 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
ch02.asciidoc
View File

@ -228,7 +228,7 @@ If Bob's bitcoin wallet application is directly connected to Alice's wallet appl
[TIP]
====
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.
((("transactions", "constructing", "confirmations")))((("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.
====
=== Bitcoin Mining