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Bitcoin => Press => Topic started by: LiteCoinGuy on May 23, 2016, 03:22:00 PM



Title: [2016-05-23] Lightning and Thunder: Mats Jerratsch of Blockchain
Post by: LiteCoinGuy on May 23, 2016, 03:22:00 PM
Lightning and Thunder: Mats Jerratsch of Blockchain Gives His Forecast

A common challenge associated with forwarding a few bitcoins from one wallet to another is the often slow pace at which it occurs. At times, upward of 10 to 15 minutes or more might pass before the transaction is fully executed and confirmed on the blockchain.

What’s behind this delay? In short, the blockchains’ server ecosystems share the same transaction records. So whenever a few bitcoins are sent, all of the blockchain nodes jump into action, facilitating the transaction so the debit of bitcoins from the originating wallet now appears in the destination wallet.

https://btcmanager.com/news/tech/lightning-and-thunder-mats-jerratsch/