3 ms·
"really slow to verify a transaction" 10 minutes to get into the block chain + 50 minutes (5 additional rounds) to shift the probabilities of a fraudulent tran
by politician 14y ago
"really slow to verify a transaction"
10 minutes to get into the block chain + 50 minutes (5 additional rounds) to shift the probabilities of a fraudulent transaction (e.g. double-spending) down near 0.
This may or may not be too slow depending on the transaction.
- xyproto 14y agoNot too slow for must purchases over the internet, one would think.
- codexon 14y agoWhen you can buy something instantly with paypal on a competitor's site, it is too slow.
- politician 14y agoOn the other had, for something like automatic subscription renewals it's fine.