How is EST defined in the world of digital currencies?

3 answers

• Umarul shahinFeb 08, 2023 · 3 years ago
  EST, or Estimated Security Time, is a term used in the digital currency industry to refer to the estimated time it takes for a transaction to be confirmed and considered secure. It is an important metric for users to consider when sending or receiving digital currencies, as it helps determine the level of security and reliability of a transaction. The EST can vary depending on the specific digital currency and the network congestion at the time of the transaction. It is generally recommended to wait for a few confirmations to ensure the transaction is secure and irreversible.
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• Gaurav pandeyNov 03, 2021 · 4 years ago
  EST, short for Estimated Security Time, is a concept in the world of digital currencies that represents the time it takes for a transaction to be verified and deemed secure. It is crucial for users to understand the EST as it affects the speed and reliability of their transactions. The EST can be influenced by factors such as network congestion, transaction fees, and the specific digital currency being used. It is advisable to wait for a sufficient number of confirmations to ensure the transaction is secure and cannot be reversed.
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• Corcoran OsmanJun 05, 2021 · 4 years ago
  In the world of digital currencies, EST stands for Estimated Security Time. It is a measure of the time it takes for a transaction to be confirmed and considered secure. The EST can vary depending on the digital currency and the network conditions. It is important for users to be aware of the EST when conducting transactions, as it can impact the speed and security of their transactions. It is generally recommended to wait for a certain number of confirmations before considering a transaction as fully secure. However, it is worth noting that the EST is not the only factor to consider when evaluating the security of a transaction.
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