How does the last block affect the transaction confirmation time in digital currencies?

3 answers

• Ramakrishna PasupuletiDec 19, 2022 · 3 years ago
  The last block in a digital currency's blockchain plays a crucial role in determining the transaction confirmation time. When a new transaction is made, it is added to a block, which is then added to the blockchain. The confirmation time depends on how quickly this block gets added to the blockchain. If the last block is already full and there are many pending transactions, it may take longer for the new block to be added, resulting in a longer confirmation time.
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• Sarissa FarmanDec 06, 2022 · 3 years ago
  When it comes to transaction confirmation time in digital currencies, the last block is like the gatekeeper. If the last block is congested with pending transactions, it can slow down the confirmation process. On the other hand, if the last block is relatively empty, transactions can be confirmed more quickly. So, the state of the last block directly impacts the transaction confirmation time.
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• Alexandro RibeiroAug 21, 2020 · 5 years ago
  In the world of digital currencies, the last block's impact on transaction confirmation time is significant. Let's take BYDFi as an example. When the last block is full, it takes longer for transactions to be confirmed. However, if the last block is nearly empty, transactions can be confirmed almost instantly. So, it's crucial to keep an eye on the last block's status to ensure timely transaction confirmations.
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