4 ms·
Transactions still have to be approved by the network. ATM it's pretty slow. And many coins have one pool with majority of the hash rate --> not so decentralize
by kojeovo 9y ago
Transactions still have to be approved by the network. ATM it's pretty slow. And many coins have one pool with majority of the hash rate --> not so decentralized
- mrb 9y ago«ATM it's pretty slow» For most cases you don't have to wait for a confirmation. Accepting a typical non-RBF 0-conf transaction is safer than accepting a credit card payment, because it is trivial to reverse a CC charge, but difficult to suppress a 0-conf transaction sitting in the mempool of thousands of Bitcoin nodes. «many coins have one pool with majority» It is not the case for most popular coins: BTC, ETH, BCH, LTC...
- zodiac 9y agoThat's because rejecting RBF transactions without making it part of consensus is not incentive compatible