When a blockchain transaction is broadcast (or received) through Balance Custody, we label the confirmation status of the transaction on the network as three sequential steps. Block confirmations increase the confidence that a given transaction will not be reverted. The further a transaction's block exists on the blockchain; the less likely a malicious attacker could fork the network and revert the transaction.  

Each network operates independently, so while we can batch multiple coins within a single transaction on the Balance Custody platform, we list each network's status separately. Opening the transaction details view will display a confirmation status icon to the far right of the asset's row. This icon refers to each of the sequential steps:

 Pending - The first step is when the transaction is broadcast and enters the network's queue of transactions to process (also known as the mempool). Here it briefly waits for a network miner to process the transaction and include it in a block on the blockchain.