4 ms·

> Instant settlement > Accept payments at the speed of the blockchain. Money in your wallet in 2 seconds, not T+2. Are crypto payments instant now ? I don't

> Instant settlement > Accept payments at the speed of the blockchain. Money in your wallet in 2 seconds, not T+2. Are crypto payments instant now ? I don't follow this space at all but my understanding was that the "speed of the blockchain" was pretty slow. Or maybe they mean this compared to payment processors or bank transfers that can take days ?

__erik 1y ago
Blockchains are fast and and cheap now! Modern blockchains like Base, Solana, Sui (and many more) typically have block times <2 seconds, and a stablecoin transfer can cost as little as $0.0005 independent of the $ amount being transfered
- deleted 1y ago
  [deleted]
solumos 1y ago
There are now chains with sub-second Time to Finality and sub-cent gas fees (this was not true ~3 years ago)
- ranguna 1y ago
  Which chains have sub second block times?
  - swalsh 1y ago
    SOL, AVAX, SUI
    - ranguna 1y ago
      Thanks
  - solumos 1y ago
    Block time != time to finality Base has sub-second block times, but because it's an Ethereum L2, it technically has ~15min TTF
egorfine 1y ago
> Are crypto payments instant now ? Practically speaking yes.
swalsh 1y ago
Yeah, it's mostly bitcoin that's slow. SOL is sub-second, AVAX has a new architecture that has gone from a few seconds to sub-second, and while I have never used SUI I believe that one too is sub-second. ETH is still relatively slow, but not bitcoin slow.