Post
Topic
Board Announcements (Altcoins)
Re: TOA Coin - your travel cryptocurrency
by
bitcoinboy12
on 09/06/2018, 23:58:33 UTC
The mobile app is having an instant transfer if I send it to another person with web wallet account but it takes a minute if it is being sent to coinomi or exchange. Any explanation why?

If you transferred from and to your toacoin.net (web or mobile), what it does is it credits/debits both the receiver/sender right away (if their balance permits of course) then the blockchain transfer follows next to allow payment made via TOA using the mobile app instant.

Makes sense. Why didn't you just create a faster blockchain so you don't have to do this while it will also affect all the users regardless of what platform they use?

You do know that block time is something that you cannot just simply adjust in the middle of the project right? Too fast makes a lot of orphaned blocks as well. Bitcoin has 10 minutes, Litecoin has around 2.5 mins so I guess TOA's and other altcoins having 1 minute block time is not too bad. They made a solution anyway for real time usage and for me that says a lot to them as they're working on making crypto easily usable by the public.