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lui8906 | 3 years ago

Name one Crypto chain that takes hours to confirm a transaction. Bitcoin has a blocktime of 10 minutes and Ethereum is 10 to 20 seconds. More modern networks process transactions in orders of magnitude less time, eg. Solana has a slot time of 0.5 seconds and time to finality being 1 or 2 seconds.

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jandrese|3 years ago

Last time I bought something with Bitcoin (admittedly a couple of months ago) it took 7.5 hours for the transaction to clear. This wasn't with a bottom barrel transaction fee either, although it also wasn't exceptionally large. The transaction fee ended up being about 40% of what I spent on the whole thing.

Hallucinaut|3 years ago

All things are liquid if the transaction fees are big enough

dmitriid|3 years ago

> Solana has a slot time of 0.5 seconds and time to finality being 1 or 2 seconds.

When it's not down. Which seems to happen once a month these days.