Confirmations

Math Research Suggests Six Confirmations Aren’t Really Needed for Bitcoin Transactions

In a recent research paper, European mathematicians Cyril Grunspan and Ricardo Pérez-Marco demonstrated through calculus and game theory that, thanks to the robust network security and relatively high BTC price, small bitcoin transactions may not need the six confirmations typically required by merchants and exchanges. Published on the computer science and cryptography section of Cornell...
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