The blockchain is a public ledger that tracks all Bitcoin (and other cryptocurrency) transactions in the world.
For a transaction to be processed, a computational problem must be solved. This is done by specialized computers, known in the crypto world as “miners”. Mining adds security to the network by spreading the power to confirm transactions across multiple miners, making the entire system difficult to attack.
The fact that the blockchain is public also adds a level of transparency, contributing to the overall integrity of the network.
You can check the status of any Bitcoin transaction by going to the blockchain website and entering your deposit’s address: https://www.blockchain.com/explorer.
Remember that for your deposits to be approved by Galaxy, a total of 6 confirmations on the blockchain are required.