3 ms·

> The verification that ensures you aren't the victim of double-spend fraud takes an average of 5 minutes.. One confirmation takes an average of 10 minutes.

• qnr 13y ago
  Average time between blocks is 10 minutes. Your transaction will be in the middle between two blocks which results in a 5 minute average wait.
  • maaku 13y ago
    No. Mining is a Poisson process. The expected time to the next block is always 10 minutes, irregardless how much time has passed since the last.
    • qnr 13y ago
      You are correct! I was confused about this