I am wondering if there is any faster altcoin which is worth investing in, suggestions?
The Ethereum is very fast. The block time is around 14 seconds. So you almost get instant confirmation.
Topic: Bitcoin is too slow - page 3. (Read 8953 times)
The Ethereum is very fast. The block time is around 14 seconds. So you almost get instant confirmation.
Transactions are too slow. Will someone fix it or do we need a better coin?
Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect.
Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected
if you don't add an appropriate fee, then the waiting can become annoying as pools simply ignore your transaction. that's why you always need to add at least 0.0001btc in fees. if your transaction size is relatively high, then you will need to up your fee even more.
I am wondering if there is any faster altcoin which is worth investing in, suggestions?
Transactions are too slow. Will someone fix it or do we need a better coin?
Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect.
Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected
The only way that Bitcoin can compete against payment transfer giants such as VISA and whatnot, is by the 2 layer solutions such as the Lightning Network, because on chain transactions will never be useful for fast cheap and big volume action, this will always require stuff like Lightning. SO once we have Lightning a lot of this will be fixed.
I think so. Maybe Visa should integrate bitcoin in its network. That is almost instant transactions for fiat.
The only way that Bitcoin can compete against payment transfer giants such as VISA and whatnot, is by the 2 layer solutions such as the Lightning Network, because on chain transactions will never be useful for fast cheap and big volume action, this will always require stuff like Lightning. SO once we have Lightning a lot of this will be fixed.
Very seldomly do you have an issue with the transfer not being completed once you get the confirmation that there is a transaction.
That may be "seldomely", but the sender can force it to happen. I can easily send you a payment and double spend it before it confirms. If you didn't wait sending me the thing I paid for, you get nothing. 
it is still faster than bank wire transactions
And money transfers like western union.Well, I would admit that sometimes the transaction takes more time than what is to be expected. Some people, however, are just not paying enough tx fees that's why their transactions are taking quite the longer time required.
it is still faster than bank wire transactions
Transactions are too slow. Will someone fix it or do we need a better coin?
Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect.
there is no need to wait days for the transaction to get rejected and the funds show up again. you can just double spend your coins, but with this time an appropriate fee included. if this transaction gets confirmed, the other transaction will simply vanish.
Confirmation time is one of the huge perks of having your Bitcoins in a trusted online wallet. Whenever I pay for stuff via BitPay and send the coins from my Coinbase wallet, the transaction is completed instantly, the second it is broadcasted through the network even with 0 confirmations. And that's because, Coinbase automatically confirms with BitPay that I indeed have the amount and that it's been sent. So no waiting time at all 
yeah it takes time for the confirmation of transaction but everything about is good and i am all satisfied with it ! new coin ? noo please, it wont get that high as bitcoin is ! 
Transactions are too slow. Will someone fix it or do we need a better coin?
Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect.
Yes my transaction sometimes stayed unconfirmed for 7-8 hours maximum..but never rejected
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Transactions are too slow. Will someone fix it or do we need a better coin?
Transactions are not slow. It is the number of confirmations that somehow slow down your transactions. Confirmation differ from one site to another some have one, others have two, three, four, five , six, seven, and eight. But make sure to include a miners fee to you every transaction so that it will be more faster. Without the fee you are waiting longer than you will expect.
Confirmation time is one of the huge perks of having your Bitcoins in a trusted online wallet. Whenever I pay for stuff via BitPay and send the coins from my Coinbase wallet, the transaction is completed instantly, the second it is broadcasted through the network even with 0 confirmations. And that's because, Coinbase automatically confirms with BitPay that I indeed have the amount and that it's been sent. So no waiting time at all
if you need faster transactions the simply switch to a wallet which accepts 0 confirmations because bitcoin transfers are instant but it takes time only at confirmations process.
Well for me, Confirmation is not that slow. I usually got 3 confirmations in just half an hour. I dont know why you are experiencing that delay in your transaction. And we cant deny the fact that sometimes, confirmations are slow. My slowest transaction took about 12 hrs before 1 confirmation. That was when blockchain was upgrading. But so far now its fast.
Actually i never have an issue about the slow transaction until now. I mean, my transaction always fast, at least got 1 confirmation on 5-10minutes. For me, bitcoin is not slow.
if you need faster transactions the simply switch to a wallet which accepts 0 confirmations because bitcoin transfers are instant but it takes time only at confirmations process.
I think bitcoin is quite faster than other payment. even in terms of transactions and how to get it. other than that bitcoin has a small fee. if you say that bitcoin is slow, then I would ask if there is faster than the bitcoin? may indeed occasionally bitcoin will be slow, but I guess it is because so many people using bitcoin
Depending upon the different mining pool there will be small variation in the time for confirmation. But every transaction provides a unconfirmed transaction status within a very short which itself gives the assurance that bitcoin is transferred.
I have to agree with this statement. Even know the confirmations are a little on the slow end sometimes, there is always a confirmation that the transaction is underway. Very seldomly do you have an issue with the transfer not being completed once you get the confirmation that there is a transaction.
Depending upon the different mining pool there will be small variation in the time for confirmation. But every transaction provides a unconfirmed transaction status within a very short which itself gives the assurance that bitcoin is transferred.
I have to agree with this statement. Even know the confirmations are a little on the slow end sometimes, there is always a confirmation that the transaction is underway. Very seldomly do you have an issue with the transfer not being completed once you get the confirmation that there is a transaction.Jump to: