Terenval Crypto Glossary · Русская версия

Confirmation time

Definition: Confirmation time is the elapsed time between transaction submission or broadcast and the point at which the network reaches the confirmation threshold relevant to the user or service.

It varies with blockchain design, fee conditions, congestion, block timing and the number of confirmations required.

How this concept appears in Terenval Wallet

Terenval can show transaction progress, but it cannot guarantee a fixed confirmation time across Bitcoin, Ethereum and supported L2 networks.

Important: Treat fee-speed estimates as probabilistic rather than promises.

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