Transaction assurance security level
Editions: Daedalus, Daedalus Rewards
In the Settings screen, you can set the Transaction Assurance Security Level to be Normal or Strict.
This will affect when the 3 confirmation states are shown for any transaction in your wallet. This table shows the Assurance Levels in Detail
|Assurance Level||State||Colour||Number of Confirmations*|
These values are just for information purposes, they show the "assurance" that a transaction is considered permanently part of the blockchain and cannot be cancelled or reversed. High assurance means little to no risk to be cancelled. Cancellation might happen, for example in the case of a temporary fork on the Cardano network. Under normal circumstances, cancellation is not a common occurrence.
If you change this setting in Daedalus it won't affect anything else other than the presentation of your transactions in your Daedalus wallet. There is no impact on the way transactions are executed on the blockchain or anything else. The different assurance increases/decreases the number of confirmation needed to show the transaction in one of these 3 confirmation states.
Why have two levels? It depends on your personal view of what is a risk vis-a-vis cancellation of transactions in the Cardano blockchain.
*Note that the number of confirmations for each confirmation status will change with Shelley. They will no longer be static and they will be hard to calculate.