Sentences with phrase «long confirmation»

Some wallets use different recommended fee levels based on longer confirmation times.

Today, transactions are plagued with extremely expensive transaction fees and incredibly long confirmation times.

The blockchain network may occasionally experience high traffic resulting in significantly higher transactions fees and longer confirmation times.

Too many transactions would mean longer confirmations and higher mining fees — great news for miners, but bad news for everyone else.

A phone call from No 10 is no longer the confirmation you should be waiting for; a far more effective way to hear the bad / good news / rumours is to refresh your newsfeed feverishly throughout the day.

If you receive a transaction with a low miner fee, BitPay now lets you know to expect longer confirmation times on the Bitcoin network.

While bitcoin blocks can only be processed every ten minutes — part of the reason it has experienced longer confirmation times with the recent influx of users — Litecoin reduced that to a targeted 2.5 minutes per block.

Too many transactions would mean longer confirmations and higher mining fees — great news for miners, but bad news for everyone else.

High transaction fees and long confirmation times from the Blockchain will make it difficult to replace cash with the cryptocurrency, said Claasen, while speaking at a Startup Grind Cape Town event last Thursday.

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.

When asked if Bitwala has been negatively affected by higher fees and longer confirmation times on the Bitcoin network, Minckwitz bluntly responded, «To be honest, no.

Scalability will continue to be a grave issue for the crypto market, but Litecoin offers a remedy for the issues of high transaction fees and long confirmation times.

Reactions to the news were broadly positive on social media, with users continuing to support what is likely the decisive improvement to end high Bitcoin transaction fees and long confirmation times.

That said, the cryptocurrency market is currently facing turbulent times with widespread issues of high transaction fees, long confirmation times and extreme volatility plaguing almost every major coin.

If that is the case, then higher transaction fees and long confirmation times reduce the incentive for participants to move money, leading to more «hodling,» theoretically reducing the supply and increasing the price.