Market Blockchain

[Tyrantt]

Market Blockchain- As much as we know that transactions confirmation time, besides the price jumping and falling, is the main reason for businesses not to include bitcoin as a payment option. Now, can a separated part of the blockchain be created that will sync with the main one every 24h (as an example) that will require almost no confirmations rather than the main computer that would be in charge of all stores in the store chain (not including the single private stores and shops)?

Like that, payments would be confirmed separately and later on synced with the main blockchain, that would maybe take a little bit more time but would greatly reduce the confirmation time and increase the payment flow, allowing stores to process payments far quicker rather than waiting for the transactions?

[Senor.Bla]

Well you could realize it with side channels. Where you have a separate blockchain and all transactions are on this altchain until it is time to confirm this chain by the Bitcoin blockchain. A miner would need to include some date to verify your chain. Your chain would be considered an altcoin. Also we have better confirmation properties with 2nd layer solutions. Both in both cases you have to trust 3rd parties rather then just the Bitcoin network and its chain.   

[Pursuer]

Market Blockchain- As much as we know that transactions confirmation time, besides the price jumping and falling, is the main reason for businesses not to include bitcoin as a payment option.

the only reason why businesses are not including bitcoin payment are either the fact that there is not enough demand for it or because bitcoin is not regulated and they are afraid of getting into trouble.

but they certainly don't care about confirmation time nor the price because most of them go through bitpay and similar services anyways and most of them that do this are receiving money not bitcoin so the price doesn't matter.

as for the rest of your question I am not quite familiar with that concept to answer you.

[jakelyson]

 But wouldn't that solution prone to double spending attacks? If the payment is not confirmed, you can exploit double spending and get the products while it is not synched in the main chain.

Besides, transactions are instant, it's just the confirmation that takes longer. You can just process all transactions without waiting for the confirmation. It sounds the same to me.

[romero121]

Marketing blockchain with something new than the present bitcoin and it's confirmation process will lead to complications. Whether the network gets synced or not, the confirmation gives the assurance of the particular amount has got transferred. The confirmation time delay and the volatility might be a problem of merchants to consider it an payment currency but it is solvable.

[Tyrantt]

Well this was just an idea of some sort, not how it should be done. I've asked many people that offer some kind of servicer why didn't they implement bitocoin as a payment and the most common answer was the price but the second one was the confirmation time and there must be something that can be done, like a separate blockchain designed for that purpose, to speed it up a little.

[joshy23]

Well this was just an idea of some sort, not how it should be done. I've asked many people that offer some kind of servicer why didn't they implement bitocoin as a payment and the most common answer was the price but the second one was the confirmation time and there must be something that can be done, like a separate blockchain designed for that purpose, to speed it up a little.

Yes, this is what merchants complained about bitcoin. They advertise bitcoin as another option for payment because it is fast, however, in recent times this is not the case. So some of them removed bitcoin as a payment option. Although, I still remain optimistic about the changes that will be implemented, the question still remain is when. When are we going to see it, so that issues with the confirmation time will be alleviated or fix.