From 7e7bcb689fc83d67e04ada0fea9d97fb9f1b0ebb Mon Sep 17 00:00:00 2001 From: wakgill <76528604+wakgill@users.noreply.github.com> Date: Mon, 4 Jan 2021 12:50:16 -0600 Subject: [PATCH] Create 24.md --- docs/forum/bitcoin-forum/24.md | 40 ++++++++++++++++++++++++++++++++++ 1 file changed, 40 insertions(+) create mode 100644 docs/forum/bitcoin-forum/24.md diff --git a/docs/forum/bitcoin-forum/24.md b/docs/forum/bitcoin-forum/24.md new file mode 100644 index 0000000..cbf27c5 --- /dev/null +++ b/docs/forum/bitcoin-forum/24.md @@ -0,0 +1,40 @@ +--- +layout: forum +title: 'Re: Is my second Transaction working correctly? +Transfer Question' +grand_parent: Forum Posts +parent: Bitcoin Forum +nav_order: 24 +date: 2010-01-05 20:00:46 UTC +original: https://bitcointalk.org/index.php?topic=17.msg85#msg85 +--- + +# Re: Is my second Transaction working correctly? +Transfer Question +--- + +
+Re: Is my second Transaction working correctly? +Transfer Question
+January 05, 2010, 08:00:46 PM	
+
+The transfer is immediate if you send by IP address.  If you send by bitcoin address and the recipient isn't online at the time, it might take 30 minutes or more to see it.  
+
+Also, the recipient needs to be synced up with the block chain before it'll see the received transaction.  That means the status bar at the bottom needs to say at least 33000 blocks, like "x connections  33200 blocks  x transactions".
+
+Quote from: sirius-m on January 05, 2010, 01:20:06 AM
+Quote
+However, once that transaction was complete, a new transaction hasn't started. Or maybe it has. There's only one transaction in the list but I'm up to 131 Blocks under "Status". Is this the way it's supposed to happen? Does it keep processing on the same transaction and generating coins every 120 blocks or so? Or is it supposed to start a new transaction?
+
+The number of blocks of a transaction is the amount of new blocks that have been generated by the whole network after the transaction. Each new block in the chain means new coins to its creator. One "generated" -transaction in your transaction list means that you have generated one block. You're not the first one to find the concept of a "block" a bit confusing on the first sight.
+
+
+Would it be clearer if the status said "x confirmations", like:
+2/unconfirmed
+3/unconfirmed
+4/unconfirmed
+5/unconfirmed
+6 confirmations
+7 confirmations
+8 confirmations
+
+Each block essentially means another node has confirmed that it agrees with all transactions up to that point.
+
+