• ඞmir@lemmy.ml
    link
    fedilink
    English
    arrow-up
    1
    ·
    1 year ago

    Faster transaction times? Do we really need that, and is that actually the case? I thought bitcoin could have transaction times of double digit minutes, while normal banking transactions here in Europe take 2 seconds

    • SquishMallow@lemmy.world
      link
      fedilink
      English
      arrow-up
      1
      arrow-down
      1
      ·
      1 year ago

      Bitcoin is not the only currency. I’m not saying faster transactions are active, but that is a goal for some currencies no? Wasn’t aware if that first Europe. What about settle time then? That is, time it takes to verify a major transaction is legit?