Sentences with phrase «solve slow transaction»
Things got really heated during Roger Ver's speech, especially when someone in the audience shouted that Roger was wrong and that the lightning network would solve slow transaction speed and high fees.
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They might even agree about a problem — say, fixing slow Bitcoin transactions — but disagree about how to solve it — larger blocks (and just how large), dynamic blocks, changing how the information is stored, transmitted, and so on.
Currently in the testing stage, the Lightning Network is designed to solve bitcoin's problems of slow transaction speeds and high fees.
This solves two of bitcoin's biggest pain points: Slow processing and high transaction fees.
They might even agree about a problem — say, fixing slow Bitcoin transactions — but disagree about how to solve it — larger blocks (and just how large), dynamic blocks, changing how the information is stored, transmitted, and so on.
The process of solving the equations needed to maintain a token - based system consumes energy and slows transactions.
According to the patent, PayPal is seeking to solve the problem of slow transaction times for cryptocurrency transactions, which has led potential cryptocurrency users to