3 ms·
Ethereum average block time is 12s (with low variance) and high chance of getting tx included in the next block. Still too long for a point-of-sale payment, but
by ErikBjare 2y ago
Ethereum average block time is 12s (with low variance) and high chance of getting tx included in the next block. Still too long for a point-of-sale payment, but its feasible. Then there's fees that are too high on L1 (several dollars minimum).
L2s fix this (~immediate settlement, cents in fees), but it's another layer and another account for users to manage (which is annoying).