How will the temporary increase in confirmations to 6 due to bip-91 impact the transaction speed of cryptocurrencies?

3 answers

• Apr 30, 2022 · 3 years ago
  The temporary increase in confirmations to 6 due to bip-91 will likely lead to slower transaction speeds for cryptocurrencies. With more confirmations required, it will take longer for transactions to be considered final and added to the blockchain. This increased waiting time can result in delays and slower overall transaction speeds.
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• Apr 30, 2022 · 3 years ago
  The impact on transaction speed will depend on the specific cryptocurrency and its underlying blockchain technology. While some cryptocurrencies may experience a slight slowdown in transaction speed due to the increased confirmations, others may have implemented efficient solutions to mitigate the impact. It's important to consider the individual characteristics of each cryptocurrency when assessing the potential impact on transaction speed.
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• Apr 30, 2022 · 3 years ago
  From BYDFi's perspective, the temporary increase in confirmations to 6 due to bip-91 may have a minor impact on transaction speed. However, BYDFi has implemented advanced optimization techniques to ensure efficient processing of transactions, minimizing any potential delays. Users can expect a smooth and speedy transaction experience on the BYDFi platform, even with the temporary increase in confirmations.
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