I see XRP is very fast on transaction just only 2 seconds then you can get xrp coin on your account.
There are many big organizations to use it for their transactions . The price is quite cheap now.
Topic: Fastest altcoin? (Read 1473 times)
I didnt know bitcoin was so slow until I read this thread. Does bitcoin at least have plans to shorten blocktime? I hope so.
Nope, they are scared too, because if they change block speed it throws off their halving dates or they have to modify the rewards lower to compensate.
They are looking at increasing blocksize, which will increase the capacity.
Segwit is a scam by the BTC core, trying to implement something called Lightening network to be used for offchain BTC transactions instead of the slower onchain transactions.
Chinese Mining Pools are not stupid, as this will decrease their fees and give control of BTC over to the LN network.
They will block seqwit to prevent LN.
Chinese mining pools want the blocksize to be increased by a factor of 8X,
BTC core is only now starting to offer 2X blocksize, mainly because the transaction queue are already full and some people are waiting days for a BTC transfer to complete.
https://blockchain.info/unconfirmed-transactions
I didnt know bitcoin was so slow until I read this thread. Does bitcoin at least have plans to shorten blocktime? I hope so.
BitShares/Steem, 3 second block, currently up to 1000 tps, realtime transactions flow you can see here: http://steemstream.com/
7 vs 1000
quark??? :-)))
i'd like to see figures for an alt that's running somewhere near maximum (claimed) capacity. it's very easy to make bold claims when all these blockchains are essentially at rest.
Guy , it is not a bold claim , it is math.
You can either do math or you can't.
I've found Dash & Doge to be consistently much faster than bitcoin, and with fees that are near nothing. Not that I ever use those coins much--it's not like there are merchants on every street taking Dash and Doge. Anyhow, I'm fine with bitcoin's speed for my purposes. I don't get or send a lot.
i'd like to see figures for an alt that's running somewhere near maximum (claimed) capacity. it's very easy to make bold claims when all these blockchains are essentially at rest.
ZEIT & Mint both have 20X BTC current transactions capacity.
Both running at a 30 second block speed.
ZEIT is 4 confirmations.
Both running at a 30 second block speed.
ZEIT is 4 confirmations.
zeit fast transaction because transaction not equal bitcoin
if zeit transaction if same bitcoin, i think problem bitcoin is low transaction speed can same accident in zeit too
ZEIT max is 20X that since our block speed is 30 seconds instead of 10 minutes.
So ZEIT maximum would be 140 transactions per second ,
which in 10 minutes would be able to process a maximum of 84,000 transactions.
ZEIT BTC
84,000 transactions Verses 4,200 transaction every 10 minutes
ZEIT can handle BTC current volume without even blinking.
zcash is the fastest imho for a reasonably legit coin.
ZEIT & Mint both have 20X BTC current transactions capacity.
Both running at a 30 second block speed.
ZEIT is 4 confirmations.
Both running at a 30 second block speed.
ZEIT is 4 confirmations.
zeit fast transaction because transaction not equal bitcoin
if zeit transaction if same bitcoin, i think problem bitcoin is low transaction speed can same accident in zeit too
Where are now 100 Vanilla Coin shills? They all left with that developer? lol
Usually when someone asked about fastest alcoins you got 10 people suggesting vanilla coin.
Usually when someone asked about fastest alcoins you got 10 people suggesting vanilla coin.
Was about to say the same. Weird that not every second comment is about vanilla.
BitShares/Steem, 3 second block, currently up to 1000 tps, realtime transactions flow you can see here: http://steemstream.com/
I read somewhere that Dash is instant confirmation, so if it is instant it should be Dash for me
Have you more information about this? Seems interesting if is it true.
FYI
https://www.dash.org/wp-content/uploads/2014/09/InstantTX.pdf
and yes, this feature is implemented in DASH and works flawlessly
Actually since our blocks transactions are not full , we are only using 0.4 kB per block not the full 1meg per block , growth rate is ~ 1gig per year so far.
read:(assuming it handles the same amount of transaction bitcoin is handling) having the potential is useless as long as it is not used.
having the capacity is worth nothing when nobody is using that capacity. you may as well have 0.4 kb block sizes.
Quote
Our Orphan Chart can be viewed here https://chainz.cryptoid.info/zeit/#!extraction
Coin runs very well compared to others.
Coin runs very well compared to others.
thanks for the link and it proves what i said above. faster blocks means more orphans.
according to the chart the average orphan blocks of your coin in 10 days is 160-220 blocks and some days it goes up to 953 orphan blocks
now those numbers are max 4 orphan blocks worst case scenario for bitcoin and an average of 0.5-1 orphan per 7 days according to blockchain.info charts.
in other words as a conclusion, with bitcoin you need to wait for 3+ confirmation to be sure and with a coin like above you need to wait at least 1000+ confirmation.
1000+ confirmations , LOL
I am sorry that is just wrong.
ZEIT has 2880 blocks per day , at an average of 180 orphans per day, that is still only 1 orphan every 16 blocks.
BTC actually generates on average 1.3 Orphans per Day.
So they generate an orphan every 110.76 blocks.
And BTC is Sooo Slow.
We have been at 4 confirmations for almost 3 years , no problems.
FYI:
you said
Quote
having the capacity is worth nothing when nobody is using that capacity. you may as well have 0.4 kb block sizes.
When we need the additional transaction capacity , it will be there, unlike BTC who can't even agree to go to 2mb . And in the mean time we have a smaller blockchain. Win/Win
FYI2:
You do realize that the Chinese Miners can overwrite the last 12 hours of BTC transactions whenever they please.
Where are now 100 Vanilla Coin shills? They all left with that developer? lol
Usually when someone asked about fastest alcoins you got 10 people suggesting vanilla coin.
Usually when someone asked about fastest alcoins you got 10 people suggesting vanilla coin.
Actually since our blocks transactions are not full , we are only using 0.4 kB per block not the full 1meg per block , growth rate is ~ 1gig per year so far.
read:(assuming it handles the same amount of transaction bitcoin is handling) having the potential is useless as long as it is not used.
having the capacity is worth nothing when nobody is using that capacity. you may as well have 0.4 kb block sizes.
Quote
Our Orphan Chart can be viewed here https://chainz.cryptoid.info/zeit/#!extraction
Coin runs very well compared to others.
Coin runs very well compared to others.
thanks for the link and it proves what i said above. faster blocks means more orphans.
according to the chart the average orphan blocks of your coin in 10 days is 160-220 blocks and some days it goes up to 953 orphan blocks
now those numbers are max 4 orphan blocks worst case scenario for bitcoin and an average of 0.5-1 orphan per 7 days according to blockchain.info charts.
in other words as a conclusion, with bitcoin you need to wait for 3+ confirmation to be sure and with a coin like above you need to wait at least 1000+ confirmation.
I read somewhere that Dash is instant confirmation, so if it is instant it should be Dash for me
Have you more information about this? Seems interesting if is it true.
I read somewhere that Dash is instant confirmation, so if it is instant it should be Dash for me
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