Topic: alright someone please explain this - page 2. (Read 391 times)
In my experience, and this is not always and 100% accurate because, as cryptoaddictchie said, it depends on how congested is each network at a given time, transactions in the ethereum network are much more expensive lately. Maybe not a very big difference if you want to send ETH, but if you want to send tokens the transaction can cost up to 50$ sometimes: so, set the same high fee required for Ether or tokens for a Bitcoin transaction and you will see that it will be (inefficiently) immediately confirmed.
Yes. If the gas price you set for a ethereum transactions is sufficient, your transaction would be confirmed in a few seconds. Of course, this doesn't mean ethereum transactions are faster than bitcoin transactions.
If I receive ether from someone and having 1 confirmation, but I can send it to another person after 1 confirmation? But I think I can get you now, what you meant is how secure the transaction is? That is correct, a single bitcoin transaction is far more secure than that of ether.How about coins that their transactions are instant? Ether transaction can take 15 seconds to 5 minutes or more. Why are the instant transaction altcoins not having the highest marketcap? This rhetorical question answers why bitcoin is superior to ether. It is not about how fast transactions are, it is about how secure the network is.
my question is why BTC transaction is so slow while ETH almost instantly !!
Instantly on Ethereum network, you can lose your coins on that network instantly too. It is a centralized network and risk of attack is high.Quote
to BTC is the best crypto ever but its slow now
10 minutes are acceptable to get security for your on-chain transaction. If you want more quickly transaction, use Bitcoin Lightning Network but it is less secured than Bitcoin on-chain transactions.How many confirmations are equivalent to 6 Bitcoin confirmations?. There are altcoins with faster transaction speed, confirmation time but if you want to get similar security like 6 confirmations on Bitcoin network, you will need 17 hours with Dogecoin, 15 hours with Litecoin, 4 days 21 hours with Bitcoin Cash.
Before Proof of Stake, The Merge, Ethereum network needs about 3 hours.
https://web.archive.org/web/20210811184629/https://howmanyconfs.com/
Someone will correct me if I amw wrong, but I doubt that you can set the fee manually using Trust wallet whihc could explain your transactyions being slow.
Trustwallet allow you to set the fee rate for bitcoin transactions manually. While sending from noncustodial wallet address to noncustodial wallet address?
Yes. If the gas price you use for an ethereum transactions is sufficient, your transaction would be confirmed in a few seconds. Of course, this doesn't mean ethereum transactions are faster than bitcoin transactions. You may get the first confirmation for a ethereum transaction much faster, but your ethereum transaction requires much bigger number of confirmations, so that it's equivalent to a bitcoin transaction with only 1 confirmation.
While sending from noncustodial wallet address to noncustodial wallet address? 
my question is why BTC transaction is so slow while ETH almost instantly !!
That's probably because you set the fee too low. From what i can see on https://mempool.space/, fees are currently low so you shoulnd'thave any issues. to BTC is the best crypto ever but its slow now
The best cryptocurrency is not decided by how fast trasnactions are.im using Trust wallet ( not sure if this is relevant )
Someone will correct me if I amw wrong, but I doubt that you can set the fee manually using Trust wallet whihc could explain your transactyions being slow.
Bitcoin transactions aren't slower than ethereum transactions.
You may get the first confirmation for a ethereum transaction much faster, but your ethereum transaction requires much bigger number of confirmations, so that it's equivalent to a bitcoin transaction with only 1 confirmation.
You may get the first confirmation for a ethereum transaction much faster, but your ethereum transaction requires much bigger number of confirmations, so that it's equivalent to a bitcoin transaction with only 1 confirmation.
What people like most about bitcoin is because it is decentralized, unlikely ether and Ethereum network in general that is very centralized.
Trust wallet is close source, use open source wallets like Unstoppable.
Worth knowing that no gas fee for bitcoin transaction. It is called transaction fee or fee.
Trust wallet is close source, use open source wallets like Unstoppable.
It depends on the network of each token or coin. Probably it is slow due to heavy usage and some transactions arent confirmed yet and also the gas fee you used must be low or not par with the current rate of gas being process at the moment.
If it is bitcoin, mempool congestion can make low fee transactions not to be confirmed very fast, but if their is no congestion, there is still most probability that transactions are confirmed 10 minutes on average, although it can be less than or more than 10 minutes.Worth knowing that no gas fee for bitcoin transaction. It is called transaction fee or fee.
It depends on the network of each token or coin. Probably it is slow due to heavy usage and some transactions arent confirmed yet and also the gas fee you used must be low or not par with the current rate of gas being process at the moment.
You must make sure you are using gas fee that can compete with other users to easily approved your transactions.
You must make sure you are using gas fee that can compete with other users to easily approved your transactions.
hii bitcointalk community
im having BTC and ETH
my question is why BTC transaction is so slow while ETH almost instantly !!
to BTC is the best crypto ever but its slow now
im using Trust wallet ( not sure if this is relevant )
for any experience in this matter please help me
as a seller and dealing with crypto is affecting the slow transaction time to get and makes delays in Deals ( not for everybody but to me its effecting )
im having BTC and ETH
my question is why BTC transaction is so slow while ETH almost instantly !!
to BTC is the best crypto ever but its slow now
im using Trust wallet ( not sure if this is relevant )
for any experience in this matter please help me
as a seller and dealing with crypto is affecting the slow transaction time to get and makes delays in Deals ( not for everybody but to me its effecting )
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