Topic: Any difference in SegWit or Legacy address transaction processing time? (Read 467 times)
September 28, 2017, 05:11:38 PM
Transaction processing time is the same for any Bitcoin transaction and it's instant. Confirmations aren't also SegWit dependent, they're still (mostly) fee dependent.
September 28, 2017, 04:56:46 PM
I just have tried to play a bit with SegWit and Legacy addresses, tried to spot any difference in transaction confirmation time, if I start a transaction from the same device to a SW address and to a normal legacy type address. I did it with the same fee settings (manually selected, the same 16 Sat/B for all transactions).
Does it make any difference if the recepient is SW enabled address or not? I have not spotted any difference in timing, the transactions were confirmed pretty soon. If the fee is the same, does it only depends on luck which one of the transactions gets a confirmation sooner (SW/Leg)?
Edit:
Hold on a second, I just saw that BCH has adjusted the difficulty, so now all of the miners (or most of them) should be on the legacy BTC chain, maybe this could be the reason of the quick confirmations of the mentioned transactions. They have processed nearly the half of the mempool already.
Does it make any difference if the recepient is SW enabled address or not? I have not spotted any difference in timing, the transactions were confirmed pretty soon. If the fee is the same, does it only depends on luck which one of the transactions gets a confirmation sooner (SW/Leg)?
Edit:
Hold on a second, I just saw that BCH has adjusted the difficulty, so now all of the miners (or most of them) should be on the legacy BTC chain, maybe this could be the reason of the quick confirmations of the mentioned transactions. They have processed nearly the half of the mempool already.
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