Quote from: Xal0lex on Today at 09:04:24 PM

Quote from: 5W-KILO on June 24, 2022, 07:53:04 AM

I am probably going to get nailed for this but its the truth, BTC transaction sucks🤦‍♀️ its slow as a snail, I am trying go send some bitcoin to exchange using my trust wallet and it's just there over 5 minutes, imagine been in haste in a store nearby trying to pay with BTC using your wallet and this happens, you are forced to wait around till the transaction go through, not a good feeling at all.

As if it was once a big secret

Bitcoin has always been a very slow blockchain, and very expensive, at the peak of the hype transactions cost 300-500 satoshi per byte. This is especially striking when you compare transaction processing speed with altcoins. There is nothing we can do about it, it's all about block size, it's limited to 1 megabyte and blocks are created once in 10 minutes, although there were cases when block could not appear for an hour. Since the cryptocurrency is very popular, and one block can hold about 3,000 transactions, everything is very slow, and the introduction of LN is not as fast as we would like it to be.

People up to now are still complaining with btc transaction and it is very understandable. It is one of the reasons why the adoption in using it as payment method is not very fast. The use of LN would be a very good solution but not many crypto users are well aware how to use it and so with the merchants or shops. If the transaction is fast and cheap, I believe, many people will use it for payment purposes. But until then, most are storing it for potential investments.