@qora
When I transaction some coins to other address, as far as we know the adress will recieve the coins immediately.
This is really amazing.
But it can't be comfirmed immediately, only after a block was generated, it will be confirmed.
A interesty thing is we can sent these unconfirmed coins to another address.
We know the other coins can't do this(include bitcoin and NXT and other coins)
So how it works ?
whould this lead to double spend?
You can send funds to another address while they are unconfirmed.
Your transaction will then rely on the other transaction so if that one doesn't confirm yours won't either.
The same works with names or voting.
You can already sell a name before it is confirmed.
Maybe you can't answer this Qora cause you don't know much about NXT
but it would be really important to know how this compares to NXT and Bitcoin because this could be the killer feature under our noses all the time that distinguishes Qora from others.
So if others who do know NXT also could answer that would be great too. Are there negatives to this way of doing things?
Instant payments is MASSIVE!, Bitcoin simply isn't that viable to pay for your latte at Starbucks if you are waiting for 5 minutes. Plus Qora really would go to the moon if it was superior in this area to the competition.