Cricktor
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August 01, 2023, 10:53:34 PM |
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It is worth mentioning that Ethereum had a rollback of a transaction back in 2016 (I forgot the exact year) when there was a hack. They had a hard fork to get all the assets back for a DAO. Ethereum Classic is the real Ethereum as some of the folks didn't support the hard fork. How much weird this sounds lol! People should be more aware of what's a secure transaction. It's definitely not only about getting transactions faster, satoshi could do it faster too. Though the reason behind is not the same, there's a reason of course why it's 10 minutes.
I'm not much interested in Ethereum for various reasons. I stick to Bitcoin mainly because it embodies a few very unique design principles that Ethereum lack (no shady premine, decentralization, trustless, deflationary and limited to name a few important ones). But Bitcoin had a small rollback too in the very old days, when due to a bug someone "produced" something like 184 billion Bitcoins out of thin air. Quick find (likely not the original thread): How someones made 184 Billion Bitcoin appear out of nowhereP.S. Here, https://bitcointalk.org/index.php?topic=5199181.msg53001464#msg53001464, @o_e_l_e_o dug up the original threads in above topic. Kudos!
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lalabotax
Full Member
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Activity: 1526
Merit: 132
BK8 - Most Trusted Gambling Platform
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August 01, 2023, 10:57:49 PM |
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my question is why BTC transaction is so slow while ETH almost instantly !!
Sometimes, this really happens, but sometimes, this is vice versa. My point is, sometimes Bitcoin transactions can be very fast, and conversely Ethereum transactions or tokens that use the Ethereum network do so very slowly. This could be because it depends on the transactions on the network. There are times when Bitcoin transactions are very dense at certain times. And it could also be that at that time Ethereum transactions were slow. So transaction works faster at the same time. So it may be true that it will depend on the transaction network and the conditions on that network.
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AprilioMP
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August 02, 2023, 03:35:14 AM |
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Among the many who provide answers to the OP question, only certain people can answer with leading explanations. Others I found answers from people who just answered without any knowledge about wallets. From this, I learned a lesson that it is better to be silent and participate in listening in order to understand something that is not known, rather than participating in answering but not understanding and instead showing others their inability to master the object of discussion.
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R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | | | 4,000+ GAMES███████████████████ ██████████▀▄▀▀▀████ ████████▀▄▀██░░░███ ██████▀▄███▄▀█▄▄▄██ ███▀▀▀▀▀▀█▀▀▀▀▀▀███ ██░░░░░░░░█░░░░░░██ ██▄░░░░░░░█░░░░░▄██ ███▄░░░░▄█▄▄▄▄▄████ ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ | █████████ ▀████████ ░░▀██████ ░░░░▀████ ░░░░░░███ ▄░░░░░███ ▀█▄▄▄████ ░░▀▀█████ ▀▀▀▀▀▀▀▀▀ | █████████ ░░░▀▀████ ██▄▄▀░███ █░░█▄░░██ ░████▀▀██ █░░█▀░░██ ██▀▀▄░███ ░░░▄▄████ ▀▀▀▀▀▀▀▀▀ |
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teoliya33 (OP)
Newbie
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Merit: 0
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August 02, 2023, 05:09:43 AM |
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Maybe when you make a transaction (Bitcoin) you have a problem with the network, problems like this often occur in a transaction. You can't compare Ferrari to Toyota, then say Toyota is faster than Ferrari, maybe at that time the Ferrari was having engine problems or a flat tire. Gas fees are very influential on the speed of transaction processing, you have to make sure the gas fees that you install to process your transaction confirmation faster. lol your right please next time use another example than Toyota cuz i have one and i love it xD u hurt my feelings lol
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Bureau
Sr. Member
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Activity: 420
Merit: 262
Eloncoin.org - Mars, here we come!
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August 02, 2023, 05:30:51 AM |
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If you want Bitcoin transactions to be faster than Ethereum then start using Lightning Network. Payment confirmation takes place in a few seconds. Recently Binance has also integrated the Lightning Network.
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Porfirii
Legendary
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Activity: 1778
Merit: 2076
The Alliance Of Bitcointalk Translators - ENG>SPA
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August 02, 2023, 05:36:12 AM |
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Maybe when you make a transaction (Bitcoin) you have a problem with the network, problems like this often occur in a transaction. You can't compare Ferrari to Toyota, then say Toyota is faster than Ferrari, maybe at that time the Ferrari was having engine problems or a flat tire. Gas fees are very influential on the speed of transaction processing, you have to make sure the gas fees that you install to process your transaction confirmation faster. lol your right please next time use another example than Toyota cuz i have one and i love it xD u hurt my feelings lol LMAO If you feel better, compared with Bitcoin any other coin is like a "Hotweels" car (toy) compared to a Bentley (not to repeat the example of the Ferrari). Back on topic, a good advice is to avoid making Bitcoin transactions every time there is a big movement in price (upwards but also downwards), when many people wants to buy or liquidate. It's better to send coins when the market is calm and thus the network fluid.
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Despairo
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August 02, 2023, 06:14:54 AM |
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If you compare Bitcoin network with shitcoins' low volume network e.g. Matic, XRP, Link etc, obviously Bitcoin is slower and expensive. But comparing Bitcoin and Ethereum network where it's already obvious ETH network is more slower and expensive is don't make sense. Check mempool [1] and Etherscan [2], you will see the truth. Currently Bitcoin network charge three lesser fee than Ethereum network.
[1] https://mempool.space/[2] https://etherscan.io/gastracker
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aysg76
Legendary
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Activity: 1960
Merit: 2124
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August 02, 2023, 01:33:27 PM |
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If you want to make it fast then you also have the option to set the fees to priority which will get it confirmed under few minutes but check out what's the average fees rate going on at that time.Even if the network is congested your transaction with high fees have chance of getting confirmed fast but if you make comparison with ETH then it's not slow and have you bother to look at the gas for confirming transaction? Most of bitcoin transactions with adequate fees get confirmed fast but I don't see any instant one on any network if we see more confirmation to make it valid transactions.
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Hamza2424
Legendary
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Activity: 966
Merit: 1043
#SWGT CERTIK Audited
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August 02, 2023, 08:56:39 PM |
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Not all transactions with the Bitcoin are slow and not all transactions with ETH are instant it really depends on some factors which greatly affect the speed of processing the transaction sometimes traffic and sometimes how much fee are you willing to pay for processing your transaction, moreover, the transaction also depends on the Network as with the Bitcoin Lightning network you can process you transaction way faster than any other networks. In network congestion, if you had coutmized the fees on the Bitcoin network to the lowest more likely it can take days or week in some cases to process your transaction.
So buddy Bitcoin is Bitcoin and ETH is ETH haha you should know that and with proper analysis you should need to know why both networks behaves differently because their goals are different.
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Bitcoin_people
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August 20, 2023, 02:34:24 AM |
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We know that every currency depends on its network for transactions. Sometimes the Bitcoin network slows down a bit when there are the most transactions, but then it picks up again. But not always this kind of slow work but if you want to speed up your transaction then increase your transaction free. If you increase the network's transaction free, you will see your transactions completed very quickly. And if you transact from trust wallet, then the transaction free will take a lot and it will take some time to send, so you can use mycelium, wallet to transact quickly from here.
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