3 ms·
bitcoin only completes one block every ten minutes. If you want to be safe you need to wait multiple blocks. Yes, 99+% of the time you're transaction will be in
by colinmhayes 4y ago
bitcoin only completes one block every ten minutes. If you want to be safe you need to wait multiple blocks. Yes, 99+% of the time you're transaction will be included in the next block, but that's not guaranteed.
Waiting a minute is also completely unacceptable. Imagine if you had to wait a minute every time you wanted to sue your credit card, grocery stores would grind to a halt.
- IanCal 4y agoAddressing just the first paragraph, they talked about usdc so they're talking about Ethereum, which has a block time of 10-15s.
- arcticbull 4y agoThat’s glacial in the payments space. Imagine you had to stand in front of the counter at McDonald’s for 30-60 seconds to see if your payment went through.