Is blockchain unconfirmed transaction real?

The ledger is distributed across several nodes, meaning the data is replicated and stored instantaneously on each node across the system. When a transaction is recorded in the blockchain, details of the transaction such as price, asset, and ownership, are recorded, verified and settled within seconds across all nodes .

A Bitcoin transaction is unconfirmed if the blockchain doesn’t approve it within 24 hours . Miners must confirm every transaction via the mining process. For blockchain to approve a transaction fully, it must get at least three confirmations.

Blockchain is a system of recording information in a way that makes it difficult or impossible to change, hack, or cheat the system. A blockchain is essentially a digital ledger of transactions that is duplicated and distributed across the entire network of computer systems on the blockchain .

Bitcoin’s blockchain can be accessed at https://blockchain.info/ . Here, you’ll be able to enter your Bitcoin TxID, or your exchange or wallet address, to track your transactions. You will see a summary of information about the transaction, including the number of confirmations it has.