3 ms·
Compared to ACH, they are pretty fast (hours in the worst case). If you pay a small fee, like 0.01BTC, they are pretty much immediate.
by gasull 15y ago
Compared to ACH, they are pretty fast (hours in the worst case). If you pay a small fee, like 0.01BTC, they are pretty much immediate.
- dkokelley 15y agoComparatively sure, but can that scale? The transactions can happen quickly know, but if the volume was comparable to ACH volume, could it keep up?
- gasull 15y agoIt depends on how many transactions are there compared to how many people mining. The people who mine are the ones who spread the transactions across the network. The mining computing power is increasing way faster than the people using bitcoins.
- jarin 15y agoPaying 20 cents for a faster transaction (assuming a value of around $20/BTC) isn't really a small fee, that's in the ballpark of what credit card gateways charge.