Confirmation
In plain words
A transaction is confirmed once it is in a block; each new block on top adds one more.
See also
- BlockA block is a batch of Bitcoin transactions added to the chain about every ten minutes. The miner who finds it collects the new coins and the fees.
- BlockchainThe blockchain is Bitcoin's shared history of payments: a chain of blocks where each block points to the one before it. Changing an old block would break every link after it.
- MempoolThe mempool is the waiting room for Bitcoin payments: transactions sent but not yet in a block. Miners usually pick the ones paying the highest fee per byte first.