innocentpixel (OP)
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January 03, 2014, 12:48:15 PM |
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Hi guys. What is the coin with the fastest transaction time?
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hostmaster
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January 03, 2014, 01:07:02 PM |
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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...
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innocentpixel (OP)
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January 03, 2014, 01:20:12 PM |
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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)
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Kruncha
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January 03, 2014, 01:25:57 PM |
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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.
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axxo
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January 03, 2014, 01:30:39 PM |
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Fraxinus
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January 03, 2014, 01:33:33 PM |
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QQcoin, velocitycoin and earthcoin are the fastest if i'm correct.
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innocentpixel (OP)
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January 03, 2014, 02:03:47 PM |
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thanks everybody. and you axxo with your imagewall ![Tongue](https://bitcointalk.org/Smileys/default/tongue.gif) . downloading earthcoin to test it. need to find somebody to send me a test payment next while on skype.
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Kruncha
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January 03, 2014, 02:28:54 PM |
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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.
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innocentpixel (OP)
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January 03, 2014, 02:49:37 PM |
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Kruncha... I'm more interested in seeing why it's so fast (if it is indeed <10 seconds)
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Kruncha
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January 03, 2014, 02:53:28 PM |
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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.
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nocoin
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January 03, 2014, 02:57:13 PM |
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Hi guys. What is the coin with the fastest transaction time?
All coins have instant transactions. Learn to distinguish transaction time and confirmation time.
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innocentpixel (OP)
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January 03, 2014, 03:03:44 PM |
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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.
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ntkrnl
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January 03, 2014, 03:04:31 PM |
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In fact, this question is the most important thing about bitcoin.
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dejikocv
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January 03, 2014, 03:05:54 PM |
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I would say Earthcoin. It is pretty fast
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goa604
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January 03, 2014, 03:17:47 PM |
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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.
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innocentpixel (OP)
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January 03, 2014, 03:19:12 PM |
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and confirmation time in bitcoin is close to 10 min avg correct?
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Kruncha
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January 03, 2014, 03:23:32 PM |
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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.
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noedelx
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January 03, 2014, 03:25:00 PM |
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lottocoin is about 10sec and the confirms are fast aswel
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innocentpixel (OP)
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January 03, 2014, 03:32:34 PM |
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Kruncha .. .lol .. .and ouch. I read somewhere they're working on a solution to get it down or am I mistaking?
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infofront
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January 03, 2014, 03:35:51 PM |
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QQC and Earthcoin are extremely fast, but both new and unestablished. WDC is not as fast, but still very fast, and becoming quite established.
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