The new CSC blockchain features industry - leading transaction speed, capable of up to 1,000 transactions per second, and
average confirmation time of 3 — 5 seconds.
Today, due to the increased activity on the blockchain,
the average confirmation time has increased up to 116 minutes, according to the most recent data from blockchain.info.
The average confirmation time for a Bitcoin transaction is 10 minutes, far too long for everyday use.
The average confirmation time is between 8 - 18 minutes for BCH transactions, Bitinfocharts explains.
Average confirmation time: Between 40 - 60 minutes (targets 10 minutes).
Notes: > 10 minute
average confirmation time is due to hash rate fluctuations.
Not exact matches
Quicker block
times (
averaging 10 to 20 seconds) allow for quicker transaction and
confirmation times, allowing for a smooth running network.
The period of
time between the first
confirmation of HIV - RNA and peak viraemia lasted an
average of 13 days.
This research is an excellent
confirmation of the work of Weston Price who found that the diets of healthy primitives peoples had at least ten
times more vitamin D than that of the
average American of his day.
In fact, that's the
average amount of
time that passes from the first emergence of symptoms to
confirmation of Hashimoto's disease!
According to Dow Theory, when both
averages reach either new highs or new lows simultaneously for a period of
time, they are believed to represent
confirmation of a trend in stock market prices.
This is meant to decrease
average wait
time for transaction
confirmation and to lower transaction fees in a method referred to as on - chain scaling.
Since such services account for a large chunk of all transactions on the Bitcoin network, this could significantly decrease network congestion, thereby decreasing
average transaction fees and
confirmation times, even for those who do not use these services.
As a result, Bitcoin had higher
average transaction fees and longer
confirmation times than your typical bank wire transfer, essentially rendering it useless as a currency for most users and merchants.
While doubling Bitcoin's block size would (probably) decrease
average fees and / or
confirmation times, the recent activation of SegWit did already decrease both quite a bit.
The Bitcoin network has seen a sharp increase in U.S. dollar denominated transaction fees and the
average amount of
time it takes for a transaction to receive its first
confirmation over the past year due to blocks becoming increasingly full.
The Bitcoin network has seen a sharp increase in U.S. dollar denominated transaction fees and the
average amount of
time it takes for a transaction to receive its first
confirmation over the past year due to blocks becoming increasingly...