Bitcoin Forum

Hi guys. What is the coin with the fastest transaction time?

It depend on network level and users and how much mined and used algortyms in codes. Hard to say...

well.. from the one existing today....what's the fastest? actually.. is there like a chart somewhere with average transaction times for different coins? (btc/ltc/doge/whatnotcoin etc)

I'm not 100% sure, but it's pretty close between WDC & DGC - both are under 2 mins.

I don't know a way of checking besides getting to know individual coin specs.

K.

http://earthcoin.biz/images/eac_infograph2a.jpg

 :)

QQcoin, velocitycoin and earthcoin are the fastest if i'm correct.

thanks everybody. and you axxo with your imagewall :P . downloading earthcoin to test it. need to find somebody to send me a test payment next while on skype.

I avoid a coin if it's had a ~300million premine.

Dime is the worst at the minute with >1billion premine, lol.

Be careful with coins like that.

K.

Kruncha... I'm more interested in seeing why it's so fast (if it is indeed <10 seconds)

All coins are that fast without the confirmations - it's impossible to be that fast with them (it's just marketing) - anything under 30sec blocktime is an orphan fest. Both DGC and WDC changed their format to avoid these issues. You won't get faster coins that actually function, and are fully confirmed in around 2mins or less.

K.

All coins have instant transactions. Learn to distinguish transaction time and confirmation time.

my bad nocoin. THAT's what i actually meant yes. Was wondering if there's any coin that has a lower confirmation time than 2 min.

In fact, this question is the most important thing about bitcoin.

I would say Earthcoin. It is pretty fast

My god everyone who say earthcoin obviously are very new to this whole crypto thing or are fanboys.
Transaction time and confirmation time are not the same thing.
To answer the question worldcoin is the fastest. 30 sec confirmation time is needed or else there would be orphans.
Watch out for coins like earthcoin, it is a huge premine. Worldcoin is a coin that exist for a relatively long time, it works very well.
Also google scharmbeck or see here https://bitcointalk.org/index.php?topic=397267.0 what is worldcoin getting that no other altcoin has.

and confirmation time in bitcoin is close to 10 min avg correct?

That's for 1 confirmation - the full 6 required by some is 1 hour.

K.

lottocoin is about 10sec
and the confirms are fast aswel

Kruncha .. .lol .. .and ouch. I read somewhere they're working on a solution to get it down or am I mistaking?

QQC and Earthcoin are extremely fast, but both new and unestablished. WDC is not as fast, but still very fast, and becoming quite established.

QQC and Fastcoin are the fastest.

A lot of places accept as little as 2 confirmations, I believe, and as the network gets even stronger, 1 confirmation will be all the security you'll need. To change the times would require a hard-fork - which I think is highly unlikely.

K.