Bitcoin Forum
November 17, 2018, 06:32:39 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: i am coding a coin,what is better 2 confirmations or 6?  (Read 275 times)
silverstar0
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
February 22, 2017, 04:38:25 PM
 #1

and anyone know where i can change that?i couldnt find
1542479559
Hero Member
*
Offline Offline

Posts: 1542479559

View Profile Personal Message (Offline)

Ignore
1542479559
Reply with quote  #2

1542479559
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1542479559
Hero Member
*
Offline Offline

Posts: 1542479559

View Profile Personal Message (Offline)

Ignore
1542479559
Reply with quote  #2

1542479559
Report to moderator
1542479559
Hero Member
*
Offline Offline

Posts: 1542479559

View Profile Personal Message (Offline)

Ignore
1542479559
Reply with quote  #2

1542479559
Report to moderator
brituspol
Sr. Member
****
Offline Offline

Activity: 459
Merit: 250

From nothing to nothing


View Profile
February 22, 2017, 04:42:03 PM
 #2

Let me ask you good sire, can you give me whatever it is that you're smoking? Because it seems like some pretty crazy stuff
RawDog
Legendary
*
Offline Offline

Activity: 1456
Merit: 1019



View Profile WWW
February 22, 2017, 04:45:14 PM
 #3

and anyone know where i can change that?i couldnt find
Two is better if you are trying to steal the coins away, 6 is better if you are trying to prevent people from stealing those coins.

*Image Removed* *Expletive Removed*  *Obsenity Removed*
What's going on - Slavetards?!!!
Watch my videos: https://www.youtube.com/watch?v=oE43M1Z8Iew  1FuckYouc6zrtHbnqcHdhrSVhcxgpJgfds
silverstar0
Newbie
*
Offline Offline

Activity: 20
Merit: 0


View Profile
February 22, 2017, 05:11:46 PM
 #4

and anyone know where i can change that?i couldnt find
Two is better if you are trying to steal the coins away, 6 is better if you are trying to prevent people from stealing those coins.

but litecoin has also 3 confirms or? it will be a scrypt coin
Coding Enthusiast
Sr. Member
****
Offline Offline

Activity: 517
Merit: 400


Novice C♯ Coder


View Profile WWW
February 22, 2017, 05:25:38 PM
 #5

Neither.
You should first understand what confirmation means.
1 confirmation means the transaction is included in a block
>1 confirmation means the transaction is deep

For bitcoin when we say a number of confirmation more than 1 we are referring to "double spend possibilities" and it says when transaction is deep the chances of it being double spent is lower and eventually can be considered zero.

For some altcoins this number is up to 100+ confirmation to prevent this kind of things since they have much more orphaned blocks.
There are a couple of factors involved in this, that I am not getting into because I am not so sure about them! but you can find resources online to read more.

Projects List+Suggestion box
Donation link using BIP21
Bech32 Donation link!
BitcoinTransactionTool (0.9.2):  Ann - Source Code
Watch Only Bitcoin Wallet (supporting SegWit) (3.1.0):  Ann - Source Code
SharpPusher (broadcast transactions) (0.10.0): Ann - Source Code

odolvlobo
Legendary
*
Offline Offline

Activity: 2310
Merit: 1177



View Profile
February 22, 2017, 05:27:17 PM
 #6

and anyone know where i can change that?i couldnt find
Two is better if you are trying to steal the coins away, 6 is better if you are trying to prevent people from stealing those coins.

but litecoin has also 3 confirms or? it will be a scrypt coin

You will not find it anywhere because it is simply a convention.

When receiving bitcoins, some people consider the transaction complete with no confirmations, some wait for at least 1 confirmation, and for larger amounts, many wait for at least 3 confirmations. Six confirmations is considered super-safe.

Buy bitcoins with cash from somebody near you: LocalBitcoins
Buy stuff on Amazon at a discount with bitcoins or convert Amazon points to bitcoins: Purse.io
Join an anti-signature campaign: DannyHamilton's ignore list
Winner
Legendary
*
Offline Offline

Activity: 1190
Merit: 1000


Look ARROUND!


View Profile
February 22, 2017, 11:24:14 PM
 #7

If you are coding some sort of Digital Currency that is based off Bitcoin -it depends on your goal. What is the value of the coin and what is the maximum amount of coins that will be available?

If you have a coin that has 6 Confirmations then the odds are that the people that hold onto it won't want to spend it as much because it probably won't be fast enough.

With only 2 of the confirmations, the coin transfers will be completed quickly and the coin could get spent from more people.

So it all depends on your goal of the Project.


.........................................
             █████████████████
         ███ ██     █     ██ ███
       ██ █████     █     █████ ██
     ███   █   █  █████  █   █   ███
   ███     █    ███ █ ███    █     ███
  ██  ███ ██ ███    █    ███ ██ ███  ██
  ██     ████       █      █████     ██
 ███   ██ █  ███    █    ███  █ ██   ███
 █ █ ██   █     ██  █  ██     █   ██ █ █
█████     █       █████       █     █████
 █ █ ██   █   ████  █  ████   █   ██ █ █
 ███   ████ ██      █      ██ ████   ███
  ██  █  █████      █      █████  █  ██
  ██ ██   ██ ████   █  ████  ██   ██ ██
   ██      █     ██████      █     ███
     ████  █   ██████████    █  ████
       ██ █████     █    ██████ ██
         ███  ██    █   ███  ███
            █████████████████
ARROUND









.









.
Telegram
ANN Thread
Bounty Thread
Whitepaper
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!