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Guide On How To Validate Bitcoin Transactions

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Bitcoin transactions are irreversible. Once a transaction is broadcast to the Bitcoin network, it cannot be reversed. This can be a problem when you want to send bitcoins but are unsure if the recipient will receive them.

This article will guide you on validating Bitcoin transactions to ensure that your bitcoins are going where they are supposed to go.  1) Transaction confirmation The first step in validating a Bitcoin transaction is to check for transaction confirmation.

When a transaction is broadcast to the network, it is included in a block of transactions. A transaction is only considered confirmed when it has been included in a block on the blockchain. 2) Confirming the Bitcoin transaction This is accomplished by searching for the transaction ID on a block explorer.

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