Transaction Strength

time to wait for confidence

✔ The Bitcoin Transaction Strength is the amount of time to wait before you can be confident a transaction will not be double-spent.

What Does This Mean?

A higher Bitcoin Transaction Strength means you can be more confident that a transaction will not be reversed or invalidated through a double-spend or orphaned blocks.

Current Waiting Times

This table, calculated as of right now, shows the amount of time to wait depending on your appetite for risk.

STRENGTH TIME TO WAIT # OF BLOCKS
Very Low Value Transactions 08 MIN 51 SEC 1 Block
60% Strength : Low Value Txs 00 MIN 00 SEC Blocks
80% Strength 00 MIN 00 SEC Blocks
95% Strength 00 MIN 00 SEC Blocks
99% Strength : High Value Txs 00 MIN 00 SEC Blocks

Example: With a transaction strength of 80%, *IF* the largest mining pool wanted to be malicious, they would have 20% chance of success after confirmations/blocks.

Largest Mining Pool

has % of the Bitcoin network hashrate.

99% Bitcoin Transaction Strength

To be 99% certain your transaction will not be double-spent, you should wait:
00 MIN 00 SEC. The average time for block creation is 08 MIN 51 SEC

CREDIT to @thomaskerin for assisting with the maths. / github source