Bitcoin confirmation speed

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If you provide a fake email address or an address where we can’t communicate with a human then your unblock request will be ignored. Who the Heck is This Guy? Confirmation times don’t matter, 10 minutes is quasi-optimal, and there are a lot of ways to make mempool transactions nearly as secure as crappy POS confirmations. 12 seconds is only nominally better in that sense than 10 minutes for those purposes. Litecoin was built to combat confirmation times. It’s still got a fraction of the hashing being pumped into it.

Dark Coin was built, originally, to solve the anonymity problem. Now they introduced what they think is a fix to confirmation times. And yet, it has a fraction of the hashing power being pumped into it. Monero exists to solve the anonymity problem. It has a fraction of the hashing power being pumped into it. So tell me again, which market wants your solutions to anonymity?

So if you think that your coin is more secure than Bitcoin because your confirmation times are faster, consider that Bitcoin is secured by the most efficiently hashing computers. As of the date of this article, it is estimated that it is enough power to turn the lights on in 135,000 American homes. Just ask yourself, whether the confirmation time is 12 seconds or 10 minutes, once that first confirmation happens, would you rather have your confirmation be on the Bitcoin network or in the ledger of one of these altcoins? The rational answer has to be the Bitcoin network. So stop talking about confirmation times mattering. If you care about the security of just-spent transactions, then the problem you actually care about is almost certainly mempool security.

So put your efforts into making mempool transactions more secure and stop thinking that there is any merit in improving the speed of crappy, insecure confirmations. This page may be out of date. Save your draft before refreshing this page. Submit any pending changes before refreshing this page. Please include your IP address in your email.