In today's digital era, digital asset transactions such as Bitcoin and other cryptocurrencies are becoming increasingly popular. When you send a digital asset, there is a term that needs to be understood, called "0 confirmations". This article will explain what 0 confirmations are and why it is important to understand them.

0 confirmations is a term used to describe the state when a digital asset is sent but has not been processed by the blockchain network. Typically, digital asset transactions require confirmation by the blockchain network to be considered valid and final. This confirmation occurs when the transaction is included in a block by miners and recorded on the blockchain.

However, during the 0 confirmations state, the transaction has not been processed by miners and is still waiting to be included in a block. Although the transaction is visible on the network, there is a risk that it can be canceled before obtaining confirmation. When someone sends a digital asset transaction, such as Bitcoin, to the network, the transaction initially has 0 confirmations. This means the transaction has not been confirmed by any new block in the blockchain. During this phase, the transaction can still be canceled or replaced by another transaction with higher priority.

It is important to note that the process of confirming Bitcoin transactions is carried out by a globally distributed network of miners, not by a specific company or group entity. Therefore, Indodax does not have the authority to expedite, cancel, remove, add, or slow down the transaction confirmation process.