Sentences with phrase «transaction confirmation»
"Transaction confirmation" refers to receiving an official acknowledgment or validation that a transaction has been successfully completed. It confirms that the agreed-upon exchange of goods, services, or money has been done as intended. Full definition
Please note different currencies have different transaction confirmation times.
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«High fees» aim for transaction confirmation in the next block, «standard fees» aims for three blocks, and «low fees» aims for six blocks.
Please note different currencies have different transaction confirmation times.
-- required transaction confirmation — manual verification of bitcoin withdrawals from exchanges.
This should decrease network fees for users, and speed up transaction confirmation times.
This is meant to decrease average wait time for transaction confirmation and to lower transaction fees in a method referred to as on - chain scaling.
Irrespective of its gigantic price rise, Bitcoin had been handicapped by certain inherent limitations, delay in transaction confirmation time being one of the biggest of such reasons which have been shunning the growth curve of Bitcoin into becoming the ultimate mode of payment.
Not only did this result in massive transaction confirmation delays for many of Bitcoin's users, but Bitcoin's capacity issues as a whole had also led to the development of a fee market, where users essentially bid to have their transactions confirmed by miners as quickly as possible.
Perhaps, such reasons are premised on their growth potentials as well as transaction confirmation speed and marketability.
While the information provided from this site is believed to be current and accurate, shareholders are responsible for reviewing account statements and transaction confirmations received by mail.
Karlo said this has led to bitcoin becoming «less useful for payments», incurring significantly high fees, rising transaction confirmation times and increasing failure rates for transactions denominated in fiat currencies.
Many saw this as a sign of impending mainstream acceptance of Bitcoin as a payment method, but high fees and slow transaction confirmations have hobbled the network.
Not only did this result in massive transaction confirmation delays for many of Bitcoin's users, but Bitcoin's capacity issues as a whole had also led to the development of a
Digital currency exchange Gemini is doing away with transaction confirmations for approved customers.
Dash allows users to make immediate payments due to the new system of distributed transaction confirmation by the Masternode network while maintaining the same financial anonymity as cash payments, the official website says.
According to Stripe's Karlo, those increased transaction confirmation times have led to an increase in failure rates for transactions.
Online statements, recent transaction confirmation, and other shareholder account management information can be accessed on DST Vision.
Manage accounts, view transaction confirmations and account history, access tax statements, update beneficiaries, and more.
You can find your most recent and historical statements, tax forms, and transaction confirmations under the «My accounts» tab.
Subscribers to eDelivery are notified by e-mail when materials, periodic statements, financial transaction confirmations, prospectuses and financial reports become available.
The authors of the Software, employees and affiliates of BitPay, copyright holders, and BitPay, Inc. can not retrieve Your private keys or passwords if You lose or forget them and can not guarantee transaction confirmation as they do not have control over the bitcoin network.
However, upon closer inspection, XT leaves at least some of these challenges, and the reality is that XT would not have made transaction confirmation immediate and would not have reduced the risk of double - spending for unconfirmed transactions.
In this post I'm going to talk a bit about how transaction confirmations work, and the role that fees play in the process.
Called PHANTOM, the protocol claims to provide transaction confirmation that is «secure under any throughput that the network can support» - smart contracts included.
As a result, users are having to pay a significant amount of fees in order to quickly get transaction confirmations from the miners.
LTC is a Bitcoin clone created in 2011, with four times the total coin supply, and block times of 2.5 minutes allowing for quicker transaction confirmations.
Two - year lows in transaction confirmations despite low network fees suggest there is little appetite for cashing out as BTC / USD continues to bounce between $ 9,000 and $ 11,500.
Because in their view Bitcoin's actual value is rooted in the ability of enabling a global peer - to - peer payment system, which is currently hampered by high transaction fees and long transaction confirmation times.
Now anyone using the BCH network can check transaction confirmation status, block height, transaction miner fees, transaction inputs, block statistics and more.
Litecoin features faster transaction confirmation times and improved storage efficiency than the leading math - based currency.
BTCC announced a new service BlockPriority that offers priority of bitcoin transaction confirmations to BTCC users.
Karlo said this has led to bitcoin becoming «less useful for payments», incurring significantly high fees, rising transaction confirmation times and increasing failure rates for transactions denominated in fiat currencies.
But growing popularity has complicated the use of Bitcoin for everyday purchases due to a sharp increase in fees and slower transaction confirmation.
Stripe says big increases in transaction confirmation times, transaction failure rates and fees are also contributing factors and adds, «There are fewer use cases for which accepting or paying with bitcoin makes sense.»
The Bank of Russia in partnership with leading financial market players has developed Masterchain — a prototype private blockchain for transactions confirmation.
Litecoin, the seventh-most valuable cryptocurrency by market, features faster transaction confirmation times and improved storage efficiency than bitcoin.
Bitcoin transaction confirmations can take up to 10 minutes, whereas litecoin confirmations come on average every 2.5 minutes.
Bitcoin's expected block time averages at about 10 minutes, while Ethereum's ranges between 10 to 20 seconds — allowing for faster transaction confirmation times.
Since the creation of Bitcoin there has been a race for faster transaction confirmations.