Post
Topic
Board Development & Technical Discussion
Merits 1 from 1 user
Re: How many Bitcoin confirmations is enough?
by
BlackHatCoiner
on 08/03/2023, 20:00:38 UTC
⭐ Merited by dzungmobile (1)
If you are patient enough to wait for at least one confirmation then you are no longer vulnerable to race attacks or Finney attacks. Now your only concern is 51% attacks.
Actually, 51% attack isn't your only concern. I'd say that an attacker who wants to deliberately reverse your transaction is a small concern (of course depending on the amount of money you move). The common concern with 1 confirmation is occasional reorg. It does happen once in a while, inevitable in a decentralized system. And once your transaction suddenly turns to unconfirmed from 1 confirmation, things go nervous.