What's so special about six blocks for confirming transactions?

What's so special about six blocks for confirming transactions?

I read that when your transaction is part of a block that has five other blocks on top of it, you can feel safe that your transaction is not in danger of being orphaned because someone else would come along and confirm a series of blocks longer than the one of which your transaction belongs. My question is what's so special about six? It seems like an arbitrary number. Why not five or seven?

http://ift.tt/2E7ys52

Comments

Post a Comment

Popular posts from this blog

Unable to send raw transaction: mandatory-script-verify-flag-failed

Unable to send raw transaction: mandatory-script-verify-flag-failed When I send a raw transaction I get an error: 16: mandatory-script-verify-flag-failed (Signature must be zero for failed CHECK(MULTI)SIG operation) Raw transaction that I send: 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 This raw transaction decoded: { "txid": "e63230d2b56bec46ab1273f0962f0fce43248fb1acbd7214be5a319b53fc170e", "hash&q
Read more

ETH To The Moon / Bank of England Cryptocurrency? / BTC Dominance / More (The Crypt0 Minute)

Image
ETH To The Moon / Bank of England Cryptocurrency? / BTC Dominance / More (The Crypt0 Minute) ►Please LIKE This Post On Steemit: http://ift.tt/2qkh4Yb Piano Instrumental By Omar Bham (Crypt0) 👍 Thank You Very Much For Watching This Video! Don't forget to smash those LIKE & SUBSCRIBE buttons :D 🎩►Become a Crypt0's News Patron: http://ift.tt/2vDXHXD ⛄►Check Out Our New Crypt0's News Amazon Storefront For Recommendations: http://ift.tt/2Br4nPB 🙇HELPFUL LINKS ►ICOs Raise One Billion Dollars In A Month: http://ift.tt/2A91Qow ►Huobi Is Now Headed To Japan: http://ift.tt/2Cbqk27 ►Verge Transaction IP Addresses: http://xvg.keff.org/ ►ScienceGuy's ETH Price Target: http://ift.tt/2CuwgGW ►Long Blockchain Corp: http://ift.tt/2BTmAFw ►Why 2018 Will Be The Year Of The Blockchain: http://ift.tt/2A2Krha ►Ethereum's Scalability Subsidy Program: http://ift.tt/2qgDNnS 🌌►Grab A Crypt0 T-Shirt: http://ift.tt/2khihd5 🚩🚩🚩A MUST HAVE ►Ledger Nano S (Top Multi-Asset Hardware Wal
Read more

My blockchain.info wallet was hacked. How can I create a double send to foil the attacker?

My blockchain.info wallet was hacked. How can I create a double send to foil the attacker? This is the transaction. http://ift.tt/2BOp9oP Which is still unconfirmed. I am trying to use https://coinb.in to create a double spend transaction with a higher fee but I am getting several errors such as: 18: txn-mempool-conflict OR 16: mandatory-script-verify-flag-failed (Script failed an OP_EQUALVERIFY operation) How can I create a double spend transaction using https://coinb.in to block this attack? In particular what goes in the transaction id field and the script field. http://ift.tt/2iI00og
Read more