Every bitcoin transaction is broadcast on the entire network. Then the problem arises. Multiple nodes in the P2P network broadcast together. How can the broadcast storm be avoided? Can someone explain the technical details?
Bitcoin receives payments almost instantly. However, there is an average delay of 10 minutes before the network begins to add your transaction to a block to confirm the transaction and you can use the received Bitcoin. The confirmation means that a consensus has been reached on the Internet that Bitcoin you received has not been used to pay others and is therefore considered your property. Once your transaction is included in a block, all subsequent blocks will include it, which will greatly consolidate this consensus and reduce the risk of revocation.
