Help help check if BTC transaction cleared?
Is it automatic?
1PNWLrW2j1UwTyCx1jKNXFENivAE3ASQoz
Is it automatic?
1PNWLrW2j1UwTyCx1jKNXFENivAE3ASQoz
Are you referring to withdrawal or Deposit?
Both should be automatic.
OK, thanks. Somehow quite slow. I was doing an immediate transaction something like cash & carry. The "cash" aka btc took too long to even show up.
I switch to blockchain and it was faster.
But still, I don't see how bitcoin can be used to pay restaurant bill or buy ice-cream; unless the transaction can afford to wait for the confirmations like 10-20 minutes delay.
Transactions usually propagate and show up in 2-5 seconds, that is all the time needed. Its not really necessary to wait for confirmations for low value transactions, more so if the transaction happens in a physical setting where the payer is seen by multiple people as well as CCTVs.
There is also some work being done for the QT Client to detect double spend attempts and warn the merchant immediately, the window for a double spend attempt is a few seconds at best, so the merchant can wait for 5-10 seconds to see if there was any double spend attempt and proceed without worrying about confirmation. https://github.com/bitcoin/bitcoin/pull/3354