Discover Ethereum Confirmation Times – Factors and Process
An Ethereum transaction takes between 15 seconds and 5 minutes. This time can vary depending on the fee paid and the network congestion.
Ethereum uses a proof-of-stake consensus mechanism to confirm blocks of transactions to the blockchain. It does not have miners as bitcoin does, but instead validators, who stake ethereum for the chance to receive transaction fees.
When a transaction is submitted it waits in the mempool until a validator picks it up and then propagates it across the rest of the network.
Transactions are considered final after receiving six confirmations.