Transaction Confirmation

Definition ∞ Transaction confirmation is the process by which a cryptocurrency transaction is verified and added to a blockchain ledger, becoming an immutable part of the network’s history. This involves validators or miners including the transaction in a block, which is then broadcast and accepted by other network participants. Multiple confirmations provide increasing assurance of the transaction’s finality. It is a fundamental aspect of blockchain operation.
Context ∞ Transaction confirmation times and finality are critical performance metrics frequently discussed in cryptocurrency news, especially concerning network congestion or scalability. Faster confirmation times are a key goal for many Layer-1 competition blockchains. Delays in confirmation can impact user experience and the practical utility of digital assets for payments. This process underpins the trustless architecture of blockchain.