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Cryptocurrency blockchain confirmations

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Cryptocurrency blockchain confirmations

dashed-slug.net Forums CoinPayments.net Coin Adapter extension support Cryptocurrency blockchain confirmations

This topic contains 1 reply, has 2 voices, and was last updated by  alexg 2 months, 2 weeks ago.

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  • #5409

    tfontoura
    Participant

    It seems coinpayments notifies the wallet when there is one confirmation in the blockchain. Is there a way to hold one or two more confirmations before making the balance available to the user? Thanks.

    PS: It´s amazing all the effort you put into this whole system! Congrats!

    #5421

    alexg
    Keymaster

    Hello,

    Thank you for your kind words.

    The CoinPayments platform has a fixed number of confirmations that it looks for in each blockchain. These are listed here: https://www.coinpayments.net/supported-coins

    Once that number is reached for an incoming transaction (i.e. deposit), then the platform informs the plugin that the deposit is confirmed, via an IPN of status 100. So the plugin does not actually use the exact number of confirmations, but only whether an incoming transaction is considered confirmed by the platform, or not. If the plugin were to use a different threshold than the platform, then you could run into a situation where a deposit is considered confirmed on the CoinPayments wallet but not on your plugin, or vica versa. This is generally not desirable.

    But more importantly, if you believe that the amount of confirmations that CoinPayments looks for in a coin is not safe, you should contact them. The values they use look sane to me for the coins that I am familiar with, but I could be wrong.

    with regards

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