Sentences with phrase «confirmed transactions per second»
Not exact matches
It takes about an hour for a bitcoin transaction to be confirmed, and the bitcoin system is limited to five transactions per second.
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It takes about an hour for a bitcoin transaction to be confirmed, and the bitcoin system is limited to five transactions per second.
In order for miners to confirm transactions and secure the block chain, the hardware they use must perform intensive computational operations which is output in hashes per second.
If Bitcoin scales well and due to an increased performance level, the network of miners will confirm transactions quicker than the 7 transactions per second currently experienced.