Post
Topic
Board Bitcoin Discussion
Re: Bitcoin is too slow
by
randy8777
on 13/07/2016, 13:41:42 UTC
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.
transaction without confirmation mean the funds actually still owned by the sender,when it got rejected the funds will get back to the sender address so we can't actually call it a transaction or finished transaction

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.