Bitcoin Forum
June 18, 2024, 07:18:59 PM *
News: Voting for pizza day contest
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Blockchains with almost instant transaction confirmation?  (Read 246 times)
BitcoinArsenal (OP)
Hero Member
*****
Offline Offline

Activity: 924
Merit: 556


View Profile
September 23, 2017, 03:19:27 PM
 #1

A good friend (experienced Node JS developer) and me thinking about to develop a proof of concept for an idea based on the blockchain technology. The use case we consider does not exist yet. However, the prerequisite is to have a blockchain with almost instant durable confirmation of the transactions. The confirmation time should not be longer than 2-3 seconds (up to 5 seconds would be acceptable, too). Are there such blockchains? And if so, is the security of the transaction ensured at such low confirmation times? Would be grateful to any hint.
Basmic
Sr. Member
****
Offline Offline

Activity: 406
Merit: 256


View Profile
September 23, 2017, 04:32:45 PM
 #2

It's not real. The transaction will be longer. As a confirmation may be faster than transaction. In addition as will increase the number of transactions this time will still increase. I do not believe in such projects and advise you not to.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!