Sentences with phrase «slow transaction times as»

Concern about the bitcoin hard fork — a protocol designed to address slow transaction times as currency use increases — carried over from 2016 into 2017, a concern that gave many observers uncertainty about bitcoin's future.

In a recent interview with CNBC, the former president of PayPal pointed to perceived issues with existing cryptocurrencies, specifying high transaction fees and slow transaction times as reasons why the product isn't likely to introduce the -LSB-...]

Not exact matches

In a recent interview with the U.K.'s Sunday Times, Dorsey predicted that bitcoin will eventually be the single global reserve currency and argued that its slow and costly transactions will eventually «go away» as more people migrate to the blockchain.

All across the Bitcoin landscape, transactions were slow and users were frustrated as the network experienced some of the highest trading volumes of all time.

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.

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

Bitcoin's transaction fees have been racing sky - high in recent months, even as the completion times for each transaction slowed down.

Bitcoin advocates have long championed Lightning as the crucial solution to the ongoing high transaction fees and slow confirmation times which have plagued the network since its mass uptake which began around one year ago.

These difficulty oscillations are making block creation times very slow on the Bitcoin Cash network and are also resulting in a growing backlog of transactions in Bitcon as well.

Dorsey himself also admits that in its present state, Bitcoin does not fulfil his prerequisites for transactions, describing them as «slow and costly» despite recent huge reductions in both fees and waiting times.

Merchants had problems to deal with the fees involved in a Bitcoin transaction as well as with the slow transaction times.

Nonetheless, in light of the slow transactions times and high fees we witnessed in November and December of last year, this is a welcome sight to the active bitcoin community who actually use bitcoin as a spending currency and to send money abroad.