Sentences with phrase «means slow transactions»

This, tied to the influx of users on the network, has led to a backlog and bottleneck which in turns means slow transactions, and expensive ones to boot.

Not exact matches

This means that transactions on blockchains are extremely slow when compared to normal computer speeds.

DasCoin can course of some 100,000 + transactions per second and it by no means slows down regardless.

Blockchains grow larger as the number of transactions increases, and slower verification also means larger transaction fees.

He later commented that bitcoin does not presently have the means to serve as «effective» cash for all, citing its slow transaction speeds, costly trading fees and general volatility as the main issues to overcome, though he does believe the public will garner greater access to bitcoin in the future as the technology behind it improves.

Blocks are slower, that means not as many people can get their transactions in, and fees will rise,» Song said.

Having too many users means both can experience slower transactions and higher transaction costs.

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.