Bitcoin: How do I get Bitcoin Core’s estimated confirmation time for a given transaction?

Receive the estimated confirmation time of Bitcoin Core for a particular transaction

The Bitcoin Core, the popular Bitcoin open code, provides a RPC interface (called a remote procedure) that allows us to interact with a bitcoin network. One of the most helpful RPC commands is “Gettransction”, which returns detailed information about a particular blockchain transaction.

Estimated confirmation time

To get the estimated Bitcoin confirmation time for a particular transaction, you can use the following RPC command:

`

Bitcoin-Cli Gettransction

`

Replace with the hexadecimal transaction ID you want to check. The ‘Gettransctioncommand will return a JSON object containing various details of the transaction, including his estimated confirmation time.

How it works

When you performGettransction , Bitcoin Core uses its internal algorithms and data structures to evaluate the conservation time of the delivered transaction. The estimated confirmation time is based on factors such as:

• Lock time (the interval of time between blocks)

• Complexity of transaction

• Network congestion

• Consensus algorithm used by node (eg, lightning, segwit)

Rated Format of Confirmation Time

The output ofGettransction will include a confirmation field in JSON's response. This value represents the estimated time, which leads to the transaction to be confirmed in the Bitcoin Network.

Exit Example

For example, if you executebitcoin-cli gettransction 1a39D9B76C94E4B35B7BA6F8F99AB0D5D28E3

{

“TXID”: “1A39D9B76C94E4B2B35B7BA6F8F9999AB0D5D28E3”,

…

“Confirtatime”: 21000

}

`

In this example, the estimated confirmation time for the transaction with a sixteenth ID 1A39D9B76C94E4B35B7BA6F8F9AB0D28E3 'is 21,000 seconds (or approximately 56.67 minutes).

Tips and Variations

• For more detailed information about a transaction, you can use the 'Gettransction' command with additional flags such as "Quiet" or '-Long.

• You can also use other RPC commands such as GetBlockCount or ‘Listransations’ to restore related information.

• If you want to get a specific confirmation time for a particular block, you will need to launch bitcoin-cli getblocksbyhash and filter results using “Gettransction”.

When you use “Gettransction” with the Bitcoin Core RPC interface, you can easily appreciate confirmation time for each Bitcoin network transaction.

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