What it means
The point where a transaction is included in a block and accepted by the network.
After enough confirmations a transaction is final and practically can't be reversed.
How it works
On Base a payment confirms in a couple of seconds.
Related terms
| Term | What it means |
|---|---|
| Transaction | One action recorded on a blockchain, such as a payment, an exchange or a deposit. |
| Finality | When a transaction can no longer be changed or reversed by anyone. |
| Blockchain | A shared record of who owns what, kept by many computers at once, that no single company can change on its own. |
This glossary explains terms in general. It isn't investment, tax or legal advice.