Confirmation

This is a process carried out by miners to verify transactions on a cryptocurrency’s network to certify that a transaction is valid. This prevents double spending & can take some minutes to be completed. When a transaction is initiated on a blockchain, it is broadcast to the network. Miners (or validators in proof-of-stake systems) bundle the transaction into a block and solve a complex computational puzzle to add that block to the blockchain. Once the block containing the transaction is added, it receives its first confirmation.