3 ms·
Yes, but you don't need more than 20-30 seconds to be confident that a transaction isn't a doublespend attempt. After that it's only about checking if the fee
by ryanlol 9y ago
Yes, but you don't need more than 20-30 seconds to be confident that a transaction isn't a doublespend attempt.
After that it's only about checking if the fee is high enough.
- ceejayoz 9y ago> After that it's only about checking if the fee is high enough. Which can take up to 72 hours, right?
- ryanlol 9y agoNo, you just check if the fee per KB is more than x. Where x is a fee that is likely enough to confirm. This is practically instant.
- ceejayoz 9y agoI'm not sure "likely enough to confirm" is going to go over all that well with many merchants, particularly when that chart shows the price-per-byte jumps all over the place rapidly.