3 ms·
It was originally intended for exactly that - instantaneous transactions. It was only a huge rift in the community in ~2014 that saw it turn away from the origi
by arcbyte 4y ago
It was originally intended for exactly that - instantaneous transactions. It was only a huge rift in the community in ~2014 that saw it turn away from the original mission.
- saurik 4y agoThe original paper that defined Bitcoin "supposed" mining would take 10 minutes per block, which is what the implementation has in fact always targeted... how was it ever "originally intended" to run instantaneously?
- tromp 4y agoIt also suggested waiting for multiple "confirmations", i.e. further mined blocks on top, to reduce the risk of a blockchain history reorganization. 6 confirmations is generally regarded as full confirmation.