Ninjastic
PostEdited versionsQuotes to this post
Post
Topic
Board Bitcoin Discussion
Re: bitcoin transactions - Slow OR Fast
by
goldcoinminer
on 04/01/2017, 03:48:59 UTC
Quote from: Mr.grin on January 04, 2017, 03:38:23 AM
Quote from: GMPoison on January 04, 2017, 03:31:36 AM
Quote from: fuathan on January 04, 2017, 02:22:01 AM
Nowadays. transactions are really slow... I hope they can find a better way to do the transactions.   Huh

When BTC spreads all around the world they need fast transaction speed.

Transactions are instant, confirmation is what takes so long, correct?

If so, is there any fraud that can be committed between the delivery time of the coins and the confirmation time of the coins? Sometimes it can take a while for a transaction to be confirmed, but if there is no fraud that could take place between that time then merchant could simply see that you made the payment nearly instantly at a check out line for example and it could be as simple as that. 
Yes you're right. all the constraints of bitcoin transactions occur only in confirmation, because I also see that sending bitcoin occur instantly. it is probably because so many transactions simultaneously, so it takes time to confirm transactions carried out on the same second. even the best of programs, will make a time-out to make it under control.
The thing is, no program that is perfect, what we can do for now is to bear with it. It's not the big weakness of bitcoin because our money can still be receive by our transacting party. We must not ask for a perfect one if we can be satisfied with bitcoin still.