Sentences with phrase «slow transaction processing»

Cointelegraph Bitcoin's slow transaction processing is a result of Antpool mining empty blocks, sources are suggesting.

The proposed new technology, called SegWit2x, aimed to fix (or at least, buy time to fix) issues related to Bitcoin's slow transaction processing times and block size limitations.

With the high fees and slow transaction processing speeds of Bitcoin during its 2017 surge, merchants had little reason to transact in the currency.

Recent events have highlighted and exacerbated some weaknesses of the network, according to Chaineum, including slow transaction processing times for the network during ICOs and increasingly expensive gas prices (by fiat standards) for transactions and smart contract execution.

The updated shall reduce the network congestion that is considered to be the main cause for slow transaction processing and high fees.

The bank is already losing money short selling the home; a lowball offer will be often be met with rejection and / or a slow transaction process.

This figure fell below half earlier in the year as investors diversified away from bitcoin while others became more annoyed by bitcoin's slow transaction process.

Not exact matches

Though chip cards may offer a more secure transaction, they also slow down the process.

The traditional process used to settle accounts and clear trades is «slow, archaic and high cost,» said the CSE's chief executive Richard Carleton, particularly compared to the other instant financial transaction systems used today, such as digital payments.

The company is also teaming up with the fintech startups Stellar.org and KlickEx Group to use blockchain technology to process financial transactions across borders and currencies — a process which is often prohibitively slow and costly for small business owners, especially when they are in developing regions with smaller banking infrastructures.

Under bitcoin's existing code, there's a tight limit on the amount of data that can be included in a batch of transactions, and as the network has grown in popularity, that limit has slowed the processing of payments.

Going bellow the gas limit may slow your transaction down and you may miss the ICO window by not getting processed into the ICO.

A significant portion of the Bitcoin community was unhappy with the large transactions costs and slow processing times that were crippling the digital currency.

DasCoin can process some 100,000 + transactions per second and it never slows down regardless.

With the bitcoin community not reaching consensus, opting instead to keep the system slower with higher transaction processing costs, they have determined that bitcoin is, in fact, a reserve asset.

This is affecting bitcoin users worldwide and causing transactions to process slower than normal.

The method previously used by Litecoin traders to report their gains and losses was either through a painstakingly slow manual process, or the highly inaccurate First In First Out (FIFO) method which should not be applied to transactions ex post facto.

«To protect the security of the blockchain that makes cryptocurrencies like Bitcoin so secure, processing of Bitcoin transactions is very slow.

Rather than a potentially «cumbersome, slow process» of seeking permission, it would be preferable for schools to publish details of related - party transactions on their websites soon after they've been entered into, he explained.

If I had anything negative to say is that the finance guys at the end of my transaction to sign everything need more help as there were only two men handling all the transactions so it was a very slow process.

While it is anticipated that most transactions will be completed on the day of your selected processing date, it is understood that due to circumstances beyond the control of the Credit Union, particularly delays in handling and posting payments by slow responding companies or financial institutions, some transactions may take a day or even a few days longer to be posted to your account with those merchants.

And third, the process of revising a template or precedent contract to reflect a new transaction is relatively slow.

The developer has been famously critical of Bitcoin this year as the network suffers slow and expensive transaction processing.

This solves two of bitcoin's biggest pain points: Slow processing and high transaction fees.

Going bellow the gas limit may slow your transaction down and you may miss the ICO window by not getting processed into the ICO.

By making it slow (10 minutes is slow compared to how fast it could be down if the guessing game was removed), and by making it computationally and therefore financially expensive to participate in this process, it also makes it financially expensive for miscreants to buy enough processing power to write their own abnormal blocks of transactions into the blockchain.

At the heart of the dispute is an issue that has dogged bitcoin's development: as its popularity grew, transactions slowed because of a cap on the amount of data processed by the blockchain.

The argument set forth by Bitcoin Unlimited is that blocks are beginning to fill up, making it slower for people's transactions to process.

Due to the ongoing debate around Bitcoin's changing data processing speed, the release of software destabilizing its ecosystem, and app developers» resulting unease towards it, transactions involving Bitcoin are slowing and fees are rising.

The process of solving the equations needed to maintain a token - based system consumes energy and slows transactions.

Stripe said it will stop accepting Bitcoin as a payment method because of the currency's volatility, slow transaction times and ever - increasing processing fees.

We say «dying» because although Bitcoin has been pulling in new investors, new «users» have been remaining at bay because of BTC's slow processing times and rising transaction fees.

SegWit, which promises a network expansion for reduced transaction fees and processing times, has been activated since August 24, 2017; however major companies and wallet providers have been slow to adopt it, leading to continued frustrations among Bitcoin users.

We're going to go out on a limb and assume they meant «miner» fees paid to Bitcoin miners to prioritize the processing of transactions on the legacy Segwit BTC network, the volume of which recently slowed to a two - year low.

As it becomes more popular and adds users and nodes, transaction processing times become even slower.

Chief among these is the slow and expensive processing of transactions.

Its decentralized nature makes it appealing to businesses that want to remove third parties that leech off transactions and slow down the process.

Ethereum is under pressure to keep up with the rising popularity of the platform, which has led to slower transaction times and high processing fees.

Bitcoin's transaction costs are skyrocketing, and processing times are slowing down.

However, neither Bitcoin nor Ethereum (or any other cryptocurrency) can not rival such payment systems as Visa and MasterCard in terms of convenience due to the slow processing of transactions.

Additionally, transactions with fiat currencies are riddled with high fees, middlemen, long wait times and slow processing.

Few retailers accept it, and processing transactions on the blockchain remains much slower than payment card networks, despite some recent technical changes.

It is part of a collaborative attempt to provide a solution to the slow processing time that traditional Bitcoin requires to process transactions.

If the platform is bugged with some sort of compilation or other errors in the program, it can effectively slow down the transaction process along with causing other problems.

It's slow: it escalated quickly and can now process 4 transactions per second (which is very poor).

The 203k program criteria and documentation process is considered too labor intensive by most lenders, and contractors and realtors complain about the process slowing down their transactions and closing times.

Caroline and I have both had self - directed IRA accounts, and while they make the investment process fairly simple, they can also be very slow to process transactions, have high fees, and prohibit certain types of transactions you want to do, such as international real estate investments.

With the amount of transactions my team was processing, paperwork was slowing us down.