1 · FoundationsLesson 37 min

Transactions and confirmations

Learn what happens between clicking send and seeing a confirmed payment.

By the end, you should be able to:

  • Understand transaction broadcast
  • Know what the mempool is
  • Interpret confirmations without magical timing promises

A wallet creates and signs a transaction, then broadcasts it to peers. Nodes check whether it follows the rules before relaying it.

Valid unconfirmed transactions can wait in mempools. Miners select transactions for blocks, often considering fee rate in satoshis per virtual byte.

A confirmation means the transaction has been included in a block. Additional blocks make reversal increasingly difficult, but no universal confirmation count fits every value and risk level.

Action checklist

I will verify the address and network before sending
I know an unconfirmed transaction can still be visible
I understand fee rate affects priority more than payment amount

Go deeper

Knowledge check

What usually affects transaction priority?

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