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    Confirmation

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    Categories: Blockchain

    Validation by the blockchain network of a legitimate transaction. Miners confirm a transaction in a proof-of-work system, and once confirmed it can’t be reversed or double spent. Zero confirmation in a block means zero transaction – a fraudulent transaction can also be rejected by the network.

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    Justin Chan
    Dr Chan founded DataDrivenInvestor.com (DDI) and is the CEO for JCube Capital Partners. Specialized in strategy development, alternative data analytics and behavioral finance, Dr Chan also has extensive experience in investment management and financial services industries. Prior to forming JCube and DDI, Dr Chan served in the capacity of strategy development in multiple hedge funds, fintech companies, and also served as a senior quantitative strategist at GMO. A published author at professional journals in finance, Dr. Chan holds a Ph.D. degree in finance from UCLA.