Post
Topic
Board Development & Technical Discussion
Re: Why 10 min block mining?
by
BlackHatCoiner
on 30/03/2022, 06:40:46 UTC
Bitcoin settlements when the payment becomes irreversible is ridiculously fast compared to any other monetary system that takes 10 minutes on average.
Not to mention that is much easier to reverse such payment. You can just give a call and have it reversed. On the other hand, in Bitcoin, transaction confirmation isn't down to you nor to a financial institution. You'll have to bribe some of the mining pools and you'll still have a great percentage of uncertainty.