Bitcoin Forum

Bitcoin => Press => Topic started by: ganabb on September 02, 2013, 12:40:58 PM



Title: 2013-09-01 News junkie's open-source project links Bitcoin with publishers
Post by: ganabb on September 02, 2013, 12:40:58 PM
http://www.itworld.com/it-management/371173/news-junkies-open-source-project-links-bitcoin-publishers

Bitcoin's peer-to-peer network uses a system of computers called miners to cryptographically verify that a transaction is legitimate. Usually, a transaction needs to garner six "confirmations" before it is considered complete, which at times can take up to three hours.


Title: Re: 2013-09-01 News junkie's open-source project links Bitcoin with publishers
Post by: Gabi on September 02, 2013, 01:09:47 PM
Quote
Usually, a transaction needs to garner six "confirmations" before it is considered complete
Not true. It is ridicolous that this myth kept being repeated and repeated