Topic: Can Bitcoin transaction time reduce in future? (Read 568 times)

The problem is with the ordinals and for now the transaction fee is very low so there is nothing to talk about it, though the way I see things now, the transaction fee is also like the master (bitcoin) which is volatile in nature and that means even in future the price of the tx fee will still go up again before coming down again and becomes unstable as the price of bitcoin. And the only disadvantage of bitcoin I have noticed so far is the transaction fee because at that time you can't make a transfer frequently the way one can do when the price is low.

And bad part is that the LN is not common for people to use though it is there but many people don't know how to use it.

Will it reduce the demand and thus the price per Bitcoin as less people want to have Bitcoin  for payments because of high fees?

LN would suffice but we know that it isnt really that totally been that widely used but i dont have much idea whether the fees would really be just that low or what because i havent tested it out yet.
If these things turns out to be not to be resolved then i wont really be surprised if people on the community would really be trying to look for some better alternative. Yes, it is the main or father of all crypto
but we know that there's nothing that last forever and everything could really be replaced if people would really be able to look and see something new which it is really that more convenient and more cheaper.
Im aint saying that Bitcoin would be overtaken soon but if this problem would really be continuing to be experience then i wont be shocked if there would really be some tilting
in regarding rankings. So far, its not always that permanent though about TX fees were high but who knows? People do easily lost up interest.

It's going to get worse by the next block reward halving. These high fees prevent people with low income from using the BTC blockchain for daily payments. Even if they want to use the LN for faster and cheaper transactions, they'd still need to pay the high on-chain fee to open or close a channel. The only viable solution would be to use an altcoin with low network congestion.

BTC Core devs better increase on-chain TX capacity before it's too late. Otherwise, Bitcoin would become a settlement layer for the wealthy (mainly whales and big exchanges). Hopefully, fees will decline after the hype. As long as Bitcoin stays decentralized, nothing else matters.

Normally 9 to 10 minutes minting of block is okay for a normal transactions now with the influx of ordinals into the Blockchain the network congestion had been enormous and very frustrating for sending Bitcoin with a lower fee, last week I personally experience this issue of non confirmation despite using BTC acceleratior until I unwillingly increase the fee before I got the first confirmation, I think this issue has to be resolved once and for all for Bitcoin to gain more global adoption else it would be difficult to adopt Bitcoin as a payment gateway if low fee transactions would take almost a week before confirmation.

it is a trade-off, low fees decrease complete security that includes combination of block rewards and block fees
but overall, fees are low enough to transact in the network, if you don't need instant confirmation (in the first or second block), you can put lower fee and wait for some time that your transaction is included in the network

at least one has a choice what he want, faster confirmation for more transaction fee, or slower confirmation and lower fee

I think Bitcoin's transaction fee will probably be low again when it returns to the bear market. But in this case or currently, it is unclear that the fees have decreased, especially recently when the bitcoin fee's reached 12–13 dollars when I checked my account in my Electrum wallet, but I did not continue because the fee was high.

Especially with the approaching halving or bull run, it might increase even more, but I hope not; it's too painful to be honest, especially for bitcoin holders.

Its seems little impossible to reduce time for bitcoin transaction right now or in the future, all bitcoin transaction depend on block confirmation and some time busy required long time for transaction success and some time need more than one until two hours for sending bitcoin have become complete. I think have possibility to make faster payment bitcoin transaction by adopting lightening network, usually all exchange have adopt it but ability for sending with the same exchange between one account to other account.

However, Bitcoin have advantage payment digital currency than fiat although with some time needed longer time waiting transaction block confirmation and bitcoin need to complete two block for receiving bitcoin payment. I don't all time bitcoin have busy blockchain confirmation regarding last several months I need without twenty minutes my bitcoin sending transaction trough segwit address are completed.

You'd still need to pay a high on-chain fee to open/close a channel on the Lightning Network. For large transfers, this shouldn't be much of an issue. Only for small payments. If you're getting into the LN, it's best to open a channel with a decent amount of money. Something within the $50 - $100 range would suffice. Anything less than that wouldn't be worth it. If only developers increased on-chain capacity, things would've been better by now. Now we're forced to use the LN or an altcoin because of the Ordinals craze. Things are going to get worse in the short-medium term, due to the hype surrounding the approval of spot ETFs and the halving of April 2024.

At least, fees won't stay high forever. That's because there's something called the "free market". BTC users have the power to decide which fees to pay per transaction. While most miners are greedy, there's a small few that would accept low fee TXs no matter what. Hopefully, the community will guide Bitcoin in the right direction. As long as decentralization wins, nothing else matters.

The block size can be bigger than 1 MB. The maximum limit is 1 vMB or 4 million weight units.


With using segwit addresses, you decrease the virtual size of the transaction and the weight units.
Take note that with using segwit addresses instead of legacy addresses, your transaction size wouldn't change significantly and it's even possible that you increase the transaction size.

Average transaction takes 30-60 minutes (3-6 confirmations). 1-3 hour range would be very slow, like putting in a very small fee.

If you want faster than 30-60 minutes then use the lightning network, which is indeed instant.

Bitcoin on-chain transactions will never be faster than the 30-60 minutes on average. That's how Bitcoin was designed.




And not sure why you think when all Bitcoins are mined there will mostly be holders. By that time there will be many more people using Bitcoin. Right now most people are holders because Bitcoin is still early in its adoption so everyone knows it will grow immensely in price so it makes much more sense to save in bitcoin than spend your bitcoin now and for the next decade or two. In the future once adoption has matured and growth has slowed there will be many times more people using it to buy things (though of course still plenty of holders). But regardless, new bitcoins being mined or not has nothing to do with how many people are holding or using it.

Bitcoin block size is limited to 1 MB with only can confirmed limited transaction. I think is impossible to change the protocol or hard fork to a new network if we look at experience in the past (BCH hard fork). What is possible now is to change the address measure such as native segwit which reduces the size of transactions. The chance to reduce time transactions in the future is the same as segwit, reducing the weight of transactions. We can't change or increase the block size limit over 1 MB, but we can change the weight of transactions like segwit. So, it's not impossible in the future we have a new format address (bc1) or another with a new protocol to reduce weight of transactions, so if reduce, we can process many transactions on 1 block (1MB) from today (segwit)

I doubt it. There's no real solution to scalability problems that bitcoin is facing nowadays other than the lightning network, which I must say isn't particularly effective either. So if this presses on we might have to expect bitcoin transactions taking longer wait times and higher fees as well to even process, making it less viable as a transaction tool, and more useful as something you'd use to save the value of your assets, like a store of value. So regardless if bitcoin does get expensive in the future, pretty sure there's still going to be usage for it, since we can't just drop something as valuable as bitcoin easily. Bitcoin may become expensive to manage and handle in the future, but that doesn't mean it's going to become impossible to handle.

Average time required between blocks 8 minutes 56 seconds - that is the statistics in the last 24 hours. Transaction times between blocks will of course vary because they are influenced by two things - firstly transaction costs and the state of the mempool. So far - I often use this site to see the statistics: https://blockchair.com/bitcoin.

Ordinal transactions will likely be a problem that makes bitcoin transaction fees more expensive - it only makes things worse if they last longer. Lightning network is a solution that may be worth considering due to its fees - so may see its adoption increase.

I believe the average Bitcoin transaction would remain the same even if all the blocks were mined. If the network becomes congested, then it takes more time to confirm transactions. When Bitcoin is fully mined, more transactions will occur on the Bitcoin blockchain. Because every day, a lot of new Bitcoin investors add to the Bitcoin network. So we have to pay a high fee or use other solutions like lightning. Because it's impossible to modify the Bitcoin blockchain.

Yes, there is potential for Bitcoin transaction times to decrease in the future. One of the biggest factors affecting transaction times is the Bitcoin blockchain's capacity. Currently, the Bitcoin network can only process a limited number of transactions per second. However, there are ongoing efforts to increase this capacity through improvements to the Bitcoin protocol. Additionally, new technologies such as the Lightning Network are being developed to speed up transaction times. With these advancements, it's possible that Bitcoin transaction times could decrease significantly in the future.


To understand how these advancements may affect transaction times, it's important to understand how Bitcoin transactions are processed. When you send a Bitcoin transaction, it is added to a "mempool" of unconfirmed transactions. Miners then choose transactions from the mempool to include in a block. When a block is mined, the transactions within it are confirmed. The more transactions there are in the mempool, the longer it can take for a transaction to be confirmed.
Some improvements to the Bitcoin protocol aim to increase the block size, which would allow for more transactions to be included in each block.....

Of course. There's no such thing as "free lunch". But when fees get too high, that's when it becomes a real problem. Especially for people with low income. If we want to include the "unbanked", fees need to remain as low as possible. At least, we're not forced to pay a high fee on the BTC blockchain. There's something called the "free market" where you decide what fee you want to pay with the hopes of getting your transaction approved by a miner. Lower fees will take longer than usual, but that won't be a problem if you don't mind the wait.

As I've said before, you have two options. Either use the Lightning Network, or an altcoin with low network congestion. Ultimately, the Ordinals hype will die, paving the way for BTC to become great again. Who knows what the future holds for the cryptocurrency?

I don't like this option and i don't use it; but i see that so many people are recommending it, so if it works for some of you guys, then yeah.
If you can call it a network for the 'unbanked', then it because it is a totally permissionless network, anyone can get an address and fund it from anywhere in the world, BTC is anything but a network free from fees, mining is a business and to incentivize them to contribute to the network's security, we have to pay fees. As for the fees to pay, it depends on how congested the network is and a few other things, but if we want mass adoption we have to understand that the network will get congested without ordinals in the future.

Exactly. Changing the BTC protocol would require the approval of a large majority of nodes and miners. Everything would be done in the community's best interests. I believe it's best for BTC to remain as is, just to preserve decentralization. Reducing block times or increasing the block size would make the network centralized in the long run. That's because node bandwidth and storage requirements will increase (incurring higher costs for node operators).

As you've said before, we can either wait until fees decline or use an off-chain scaling solution for complete peace of mind. There's also the option of switching to an altcoin with lower network congestion. I'm sure the Ordinals hype will fade away into oblivion, giving average users a huge relief to their pockets. How can Bitcoin be a cryptocurrency for the "unbanked" if fees are high all of the time? The future is widely unpredictable, so lets hope for the best.

BTC block confirmation time is ~ 10 minutes on average, take note that this didn't and doesn't change because of mining difficulty adjustment, what changes is fee rate, BTC fee rate goes up when the network is congested and drops when the network is free, there is no 'development' to change that because nobody sets it, it is the community that determines it based on how they are using the network.Miners have and will always prioritize tx's based on the fee attached to them, that is why you should always check mempool.space before broadcasting your tx.

instant transaction? it's never ever impossible in bitcoin transactions. because minted per block to take time minimum 9 to 10 minutes.
may be you didn't transact with average fees that's why your transaction are not confirmed in 1-3 hours.
now bitcoin network is highly congested, so very low fees transaction will take to complete even a week.

If don’t come up with anything new, transaction times will only increase. If mass adoption occurs, which bitcoiners are eagerly awaiting, this will attract many new users to the BTC-network. Which, in turn, will lead to an increase in the number of transactions, the overload of the mempool, an increase in commissions, queues and time for confirming transactions. If don’t change anything, this is definitely what will happen. Therefore, what is happening now is just a trifle compared to what awaits in the future.

in normal occasion , of course not in having congestion and Miner prioriticism like this ? it is faster even if we are using  lower fees and yes 1-3 hours is really a long wait when it only took couple of minutes in the past or even faster.
also there is another approach if you really wanted to pay low in fees and have a more faster transaction and that is to use altcoins(but be aware of the situation unless you will use legit and old timer coins) also try using Lightning Network for low transaction as it is faster and cheaper .

Unfortunately, I think this will not be possible unless there is a protocol change but with alternatives such as Lightning Network, Bitcoin can be sent in a shorter time and with lower fees. There has been a significant increase in the Bitcoin transfers especially in the last few weeks and accordingly there is a serious waiting period in the transfer process. Unfortunately, although this is an annoying situation, the process must continue this way due to the structure of Bitcoin. I hope that with some developments in the near future we can see that both transfer fees and transfer time are shorter.

Although today it is possible to send money faster and more cost-effectively with Bitcoin compared to bank fees and this is one of Bitcoin's visions, being able to transfer under better conditions would be better for all of us and more attractive for Bitcoin.

No, a miner is creating a block header based on (amongst other things) the previous block's header, the merkle tree of the transactions in the block and a nonce. They loop trough the nonces and test if the sha256d hash of the header with the current nonce is under the current target. ON AVERAGE, this should take about 10 minutes. It's perfectly possible the time between two blocks is 30 minutes, an other times it'll only be a couple seconds/minutes... It's all random and average, there is no set maximum time.

It's perfectly possible to broadcast a transaction with a sufficient fee and have it confirmed in mere seconds... As long as aminer received your transaction, put it in the block he/she is trying to solve AND succeeded in finding a block header whose sha256d hash is under the current target. There is no set minimum time before getting a confirmation...

the retarget doesn't happen per block, it happens every 2016 blocks... If the last 2016 blocks have had an average time between two blocks of more than 10 minutes, the diff decreases (and vice versa)

With the way the consensus operates now, it takes 10 minutes or less for the next block to be mined into the blockchain. After all bitcoin has been mined, I am not thinking the volume of transaction will decline because of how I have envisage bitcoin adoption to be by that time. If more people now hold bitcoin, we won’t have decline in transaction volume and more people will be transacting from time to time as we are experiencing now which will give the miners more competitive advantage when bitcoin owners set the transaction fee for their transaction to be processed faster. There won’t be decline in transaction fee and the time can also be reduced but not below an average time of five minutes.


Centralized platforms add more than one transactions together and set a transaction fee to disburse them all. If they set high transaction fees for transactions, it could be bad market for them, so they set it to a price that will be profitable for them after the transaction has been processed. Maybe in the future, centralized platforms may allow users to set transaction fees for themselves but the disadvantage of it will be when users mistakenly set high transaction fees for small transactions as it is already happening to some people using decentralized platforms.


I have not come across a transaction that took place in less than five minutes before, they mostly happen within the time range of 8-10 minutes. Difficulty is increased when a miner mines a new block faster than the 10 minutes set averagely for mining a block into the blockchain. Thus, the next block to be mined will become harder than the previous one that was mined in less than 10 minutes. If the new one takes more than 10 minutes the difficulty will be reduced for the next block to be mined. That is how the whole process continues.

Even if all bitcoins are mined, there are still those who use bitcoin as a daily currency and most likely by the time all bitcoin has been mined, the general public have probably (hopefully) accepted bitcoin as a mean of payment therefore there’s still a possibility that transactions might even increase

Those forks are dead.

How Many Bitcoin Forks Are There? You will be surprised!!!. Surprised because many of those forks (hundred) are dead.
https://forkdrop.io/how-many-bitcoin-forks-are-there

If they are not dead, like BCH, their networks are very quick and vulnerable to 51% attack. Bitcoin is the best.
How many confirmations are equivalent* to 6 Bitcoin confirmations?
BCH needs 1060 confirmations to have equivalent security like confirmations of Bitcoin blockchain. It is 181x slower. Anyone like BCH?

There are layer 2 solutions that you can use, especially for micro payments, but i don't think the protocol in the BTC main chain is going to be changed for this reason, blocks would be found ~ 10 minutes on average and the transaction fees would be determined by the 'community', meaning if the mempool is congested for any reason, fee rate is going to rise and if the mempool is free, fee rate will drop.

Take note that no matter what, you decide the fees to attach to your tx, but the problem of using a low fee when fee rate is high is that there are so many other users who would outbid you for block space and push your tx down the mempool. That is why it is called a free market and there is nothing to be 'resolved' about this, except for using later 2 or offchain solutions.

This is not the first time delay in transaction is happening , I think this is the second time I'm experiencing the delay in transaction this year but critical thing about this one is that it has taking much time, but I know this issue of hight transaction fee and delays of transaction won't last forever. I think for this issue to be resolved their is need for new development in the blockchain,  I think this will make transaction process to be fast.

Yes. It's possible. But only if the community approves developers' proposal to reduce the block time or increase the block size. Don't expect any improvement in the time-being, especially when miners are profiting off high network fees. If you want to skip the wait or pay less, just use an altcoin such as Litecoin or Dogecoin. Even ETH is cheaper than BTC these days.

I wouldn't recommend using Bitcoin's Lightning Network unless you're only planning to send very small amounts of BTC. Anything more than $100 on the LN would be considered a huge risk. That's because the L2 scaling solution is full of bugs. Hopefully, Bitcoin developers would be able to solve scaling issues in the future without compromising decentralization/censorship-resistance. Who knows if things are bound to get better soon?

We can expect as the development and transactions improvement is ongoing. But for now, moving BTC is quite expensive, and have no other option aside from converting it to altcoins like XRP and TRX for cheap fees which is mostly done when the time like this happens.
The situation has already happened in the past years and it appears again, which makes those people who experience remain calm and of course, they are aware that it will be over soon. If we have other options in order not to touch our Bitcoin, I think that suits this time. Even though we can see now that the fees are gradually lowering, still we're unsure how long this will end.

In my understanding, the transaction time will not be reduced to an instant payment, that's how the blockchain was structured. This will continue unless they find a way to scale it more which is not advisable as it would definitely reduce its current decentralized characteristic to achieve that.

But for the recent high transaction fee, yes, it will go down over time. Such had happened in the past and the fee later returned to normal, at least bearable amounts. This often happens because of network congestion and I hope there is a lasting solution to this to avoid more discouragement and people preferring to transact with altcoins.

Anybody can launch a proposal or create a (hard) fork themselves (to see if the majority of the network will switch to their version).

The thing is that changing the time between 2 blocks, the diff retarget mechanism, the block size,.. you'll have to create a hard fork... People will have to chose if they run a node/mine/etc on the "old" network or on the "new/forked" network.
There's no way to change these things without forking (and even a soft fork won't work since this is really the basic fundamentals of how bitcoin works). I don't see this happening. Even if you find a dev that is willing to create a fork for you (or if you create a fork yourself), odds are only a very small amount of people will follow you. This is what we saw when Bitcoin Cash forked off: they tried to increase the block size and created a hard fork to do so. I can only imagine they had hoped the majority of the community would switch to their fork and the "old" bitcoin would die off. The clash resulted in only a very limited amount of people following the new fork, 1 BCH =~ $200 whilst 1 BTC =~ $37000

It depends on how long it will take for a transaction to get confirmed and if you talk about block then the average time for a block to mine is 10 minutes. Why I said it depends on how long for a transaction to get confirmed is because of the fee. If your fee is less than the current fee at this time then it may take a day before it is confirmed. There's a transaction where it was sent and it takes 13 hours before it gets confirmed and by the way, the fee that is used in the transaction is 42.1 sat/byte while the lowest fee in the next block that will be mined is around 43 - 60 before the fee reach 42 or lower. Well, you can imagine yourself how long it will take for a transaction getting confirmed if the fee used in that transaction, let's say 20 sat/byte but the current fee is let's say 50 - 60 sat/byte.

It really depends on the fee you pay, I've recently moved some Bitcoins and the transaction got confirmed in a few minutes and I didn't even put a high fee- it was pretty cheap. The transaction time has had much worse days so I don't think it's much of a problem right now.
If you really want it instant now that's a different story, you could try some already mentioned services but I really don't think you need to complicate what could be solved by just waiting a few minutes, I doubt regular users need that speed right now.

Anyways, the transaction time has been like this for a long time, I don't think that it will change soon.

This has been already answered in previous posts.
Bitcoin blocks are mined at the rate of 1 per ∼ 10 minutes on average and there is no way to know the exact time the next block will be mined.
It's possible that the next block is mined in less than a minute and the miner includes your transaction if you have paid enough fee.

Confirmation of Bitcoin transaction depends on the transaction fee you pay to process the transaction.
Most times, using CEX to send bitcoin transactions might be delaying because they have a fixed transaction fee which is estimated based on the network congestion, therefore, you have no right to speed up the transaction in case if the network get congested along the line. But using non custodial open source wallets that allow you to customize you transaction, you can run your transaction within 10 minutes or in less than 10minutes depending on the fee you used.

For instant transcription to happen in seconds or less than 5 minutes I don’t know if it is possible, but I will await response from other bitcoin experts to shade more light on that.

Yes 10 minutes is the default but it can be less than that, as at the time of this post when I check the Memepool from block 818745 to 818742 had an average of 8 minutes to get a block confirmed. Also the number of transactions in the pool will determine how fast you get your transaction confirmed as you said but once you set a fee that is high then it will wouldn’t take much block to get your transaction confirmed.


I think if there is increase in difficulty then the transaction is suppose to actually get confirmed within that 10 minutes or higher than that time except if the hash rate increases which will effect another difficulty adjustment after 2016 blocks

It's possible that a transaction is confirmed in less than 10 minutes. We don't know when the next block will be mined.

What do you mean by "difficulty is going up"?
The difficulty is adjusted every 2016 blocks. It was adjusted 2 days ago and the next adjustment will be around 12 days later.

The reason why your transactions take 2-3 hours is because you didn't use the best fee to get your transaction included on the next block, if you did the average transaction time would be around 10 minutes. Its actually even less right now since the difficulty is going up, so average transaction time is maybe 9 minutes or so.

Will this get reduced in the near future? Most likely not. It would mean a bitcoin hardfork which nobody will agree too. If we made 1 minute block times the blockchain size would be way too large and would result in less nodes which is not what we want for decentralization.

We don't know if the creator of bitcoin is still alive so we all don't know if there is someone to idiot its function. on the other hand, the use of Bitcoin is increasing day by day and the volume of transactions is starting to increase. Due to the huge amount of transactions happening at the same time, we find that it takes a while for Bitcoin to block confirm and the fees increase along with the time. So I don't know if Bitcoin's clock confirmation is likely to get faster in the future. But I don't think Bitcoin transactions can ever be completed as quickly as other altcoins transcation

Practically, it makes no difference how much you set as your transaction fee for a transaction; it must wait at least 10 minutes before being confirmed and added to the blockchain. Since it is expected that the number of bitcoin users will increase significantly in the future, I do not believe or expect that the bitcoin transaction time will be reduced. The time will vary depending on the transaction fees you use, the number of transactions, and the transaction fees set for them. Transactions could be approved in less or more time by that point in time.

Yeah, it is possible because the congestion on the network is due to the Ordinals and dust transactions, and these problems are due to the scalability issues of the BTC blockchain. If you have used lightning network then you would have known that the lowest transaction fee is on LN. Like it is in 0.001 to 0.003 dollars. They are really good because they are making transactions off-chain.

Besides this solution, there would be other solutions might be brought but till now they are not like I mentioned in my previous replies about side and drive chains, they are like child chains of the main blockchain but I don't know that if its is possible or not

BTC blocks are confirmed ~ 10 minutes of average, but this time doesn't have anything to do with the security of the network, blocks can be found in a shorter period and the network would still be secure. I believe the average confirmation time of 10 minutes was chosen to avoid waste of computational power. BTC nodes validate blocks and propagate them to other nodes, so the network needs time for this propagation and to ensure that miners do not waste power looking for blocks that have already been mined.
That is not why altcoins were created, too many of them were created to scam people and to enrich the creators.
You should have sent them the tx id and also sign a message from the sending address, so your recipient can verify that you have sent payment, but the network congestion or low fees is the cause of the delay.

Who has the authority to change the protocol?

that might be possible if more people use the lightning network in their transactions. LN offers fast and cheap transactions between users compared to the regular bitcoin network.

LN is the best solution for fast and cheap bitcoin transactions, especially in the adoption of bitcoin for everyday transactions, the use of the lightning network can help people complete their transactions more quickly, such as merchants and customers to make transactions without having to worry that they have to wait 10 minutes to complete their payment.

even though LN is still in the development stage and from several articles i read, there are still many loopholes and it is vulnerable to being hacked, but maybe in the future many people will give LN the opportunity to develop and it could become a better protocol.

Many exchanges already adopt lighting network including Binance, Kraken and Bitfinex, I don't think these three exchanges aren't in top or big exchanges.

It's normal for the recipient become emotional because when the transaction is unconfirmed, there's a possibility you can double spend the transaction.

Lightning is made for that purpose, and every wallet or exchange should implement this features, or just users use wallets with lightning.

Well, although i have in mind that bitcoin won't scale in "instant payment globally" on some offline physical stores or even online stores because of this 10 minutes confirmation time even though there is lightning since lightning has still limitations, say in amounts, centralization concerns too.

He was talking about centralized services like Binance and other exchanges. Sometimes, they release withdrawals with low fees, and their user cannot bump the fees. They have no way other than waiting hours to confirm their transaction. Most centralized exchanges charge a fixed fee from users, but they release many transactions in a single transfer and that's where they try to save money. Sometimes they spend good enough as well. But the problem is, their user has no control. That is one of the reasons we suggest not to use centralized services.

if only crypto exchanges will have LN in their network options, i believe the adoption will grow faster for this network. however, as we have seen, LN has been here long time and yet i haven't seen any top crypto exchange integrating this in their options.
and that's the reason why most crypto users are not also using this route. and not very many are also familiar using this network, hence, they just stick to what is available for them.
this phase i think will also pass, just like previous hurdles before. fees will go down again. for now, we need to sacrifice some fees if we really need to make a transaction. or better yet, look for alts that can also address your needs.

Security and safety on the bitcoin netwrok is somewhat in order and shouldn't be much of a worry to users but transaction time is also a vital part of the tech. I once had a bitcoin transaction pending for days a few years ago, the receipient thought I was been fradulent and it took loads of explanantion process to 'calm the waters' before it finally arrived. That should be a cause for worry in the space. The OP's concern might not be unconnected to something similar.

Fees rely on network congestion. If it's congested, you need to pay higher fees so your transaction will be prioritized. I think that has been the norm, and that's the reason why altcoins are created. Yet, Bitcoin is still the most popular since altcoins generally does not gain the trust of the people. I know there's this LN but it hasn't gain good adoption rate yet, probably because people find it complicated to follow?

If the time between blocks is reduced, then you will need more than one block, and you may find that some services consider the transaction complete after 10 blocks or even more blocks, as in BSV, where the matter reached 1k of confirmations^[1].
Therefore, an average of 10 minutes is useful, and the higher fees you pay, the higher the probability that your transaction will be confirmed within less than 10 minutes. If you want instant transactions, use the Lightning Network or side networks.


[1] https://www.reddit.com/r/bitcoincashSV/comments/lpp0kb/bsv_transaction_taken_4_days_and_still_less_than/

I'm sorry to say, but you are mistaken...
If there would be more miners, the time between 2 blocks would slightly decrease for a maximum  of ~2 weeks. Every 2016 blocks (= ~2weeks), the difficulty gets adjusted, so if new miners would flood in and the average time between 2 blocks would decrease very slightly, the next diff adjustment would just increase the difficulty so the average time between 2 blocks would once again be 10 minutes. Same logic goes when a lot of miners would leave our ecosystem: the average time between 2 blocks would increase untill the next diff adjustment, the difficulty would decrease at the next diff adjustment, and the average time would be ~10 minutes again.

I'm also having trouble following the first part of your post... which app, which garbage,... ?

I believe you use wallet App for doing transfer and possibly in the course of doing the transfer payment option pops up for you to choose and after that, you approve of the transaction and what you approve is what you get "garbage in, garbage out " that is the result of what you get based on the payment option for confirmation you choose and each of them has their own fee attached depending on the timing or how fast you want your transaction to be confirmed.

I believe if their are more miners, the confirmation speed or time would be lesser than it used to be and possibly, the price would reduce irrespective of the increase in daily transactions if I am not mistaken.

What do you mean by complete? Do you mean getting confirmed? Or do you mean getting enough confirmations, so that your transaction is credited on an custodial services like exchanges?

The confirmation time depends on the fee rate (in sat/vbyte) of your transaction and how congested the network is. It's possible that a transaction stays unconfirmed for months.
And take note that even if the fee rate you use for your transaction is high enough, you have to wait until the next block is mined.

A classic problem that is still a problem today. Currently there are several solutions such as Lightning network or taprot. But there are indeed some other weaknesses and problems posed in those 2 ways.  I am also increasingly worried about this situation, because the fee will be bigger and it makes me a little insincere if I have to use a large fee.   Because sometimes it's not worth the amount we send.

Bitcoin as the first crypto does have scalability problems. Moreover, several other coins that use the bitcoin network are increasingly adding to the dense network. It looks like there should be further consensus development on the basis of Bitcoin remaining secure.  CMIIW

The time to mine a block which is set at a default of 10 minutes but still varies, although your claim of it been confirmed in 1-3 hours is not valid because even the current blocks mined in the space of that 1-3 hours is upto 12 blocks. In the future no one is issue if the block time will reduce except if we got a fork on the increase of block size or people do not make too much transactions then (which I don’t think will happen since we all are expecting a higher number of users).

Also even if all bitcoin are mined I don’t think they will be no traders or the volume of transactions will reduce, it would be same like we have now or even higher. Mining ending doesn’t mean that bitcoin protocol will change, the only thing that will change is the stopping of mining and everything will practically still be the same

I believe it's impossible Bitcoin transaction become instant because the ~10 minutes per block is used to make the network secure.

The reason why you need to wait for 1-3 hours is you not send a big amount of fees, currently <42 sat/vbyte will be confirmed at least a hour, but when you use 58sat/vbyte (assuming not many people create a new transactions use 58 or more sat/vbyte) your transactions will be confirmed in the next block which is ~10 minutes.

You can use off chain solution like Bitcoin Lightning Network.

[Table] All Lightning Network Threads In One Place

For onchain, I like how it is now because Transactions per second, transaction time is not my most concern when using Bitcoin blockchain. I care more about security and safety of my transactions on Bitcoin blockchain. If the Bitcoin blockchain with it current parameters, can provide me safe and secure transactions, I like how it is.

https://howmanyconfs.com/

If we don't change the protocol, the average time between 2 blocks will allways be ~10 minutes. So, even when most of the blocks are (allmost) empty, the average CONFIRMATION time will always be ~5 minutes.

AFAIK, the mempool has been flooded with ordinal transactions for quite a while now. I had hoped this was a fad that would have been long gone by now, but they keep broadcasting transactions... If they'd stop, and people would make less than 1 Mb of transactions per 10 minutes (excluding the witness data), you'd be able to send 1 sat/vbyte transactions once again and get them confirmed after an average time of ~5 minutes (after the backlog has cleared offcourse).

By the way, transactions are broadcasted allmost instantly... They remain in the mempool of the nodes untill they end up in a block, it's this process that takes very long ATM.

If you want cheaper fees, or faster confirmations, you should either look at altcoins, sidechains and/or offchain sollutions.

Currently it takes 1-3 hours for a transaction to complete if we do it with less fee? Is it possible in future that this transaction time will reduce or may be even become instant? Like when all Bitcoins are  mined and there are mainly holders instead of traders and volume of transactions decline.