Question guys. Does anyone know how long a confirmation will take on the Safex blockchain? I know each block is 60 Secs but that doesn’t include the confirmations. So I buy an item, how long do I need to wait for a confirmation of the purchase? How long does it take for the seller to have confirmation of the purchase. Is it instant, 1 min, 3mins?
10 confirmations should be sufficient for an irreversible transaction; so approximately 10-12 minutes.
Thanks for the quick responce
So would the first confirmation will be with in 1min?
So the seller will see the first confirmation and will know all is being processed and with in the 10mins all will be sweet
That’s how the scenario would take place.