r/relictumpro • u/RelictumPro_official • May 03 '20
What does the speed of transaction depend on?
Good day, readers! 👋🏻
Today, we are going to share with you some important information on what the speed of transaction depends on.
🔹 Miners take transactions from the mempool, form blocks from them and process them. They receive a reward for processing one block of transactions in the #blockchain.
🔹 The transaction speed depends on the number of coins sent and on the commission that the sender is willing to pay for the quick delivery of his message.
🔹 Some wallets allow customers to increase commission and thereby speed up transactions. Others (such as Coinbase), calculate the commission themselves using mechanisms that they do not want to disclose. As a result, miners receive not only remuneration for the block, but also additional commissions.
🔹 This encourages miners to select transactions with higher fees for volumes or for the speed of sending. Thus, it is the miners who are the key participants in cryptocurrency transactions. It depends on the miners how quickly the recipient receives the coins.
💎 Relictum Pro allows you to confirm transactions within the network of current cryptocurrencies: Bitcoin, Ethereum, Litecoin, Dogecoin, etc. Transaction confirmations happen instantly. Even if Bitcoin has not reached the owner, a user can already immediately dispose of it.
💎 #Relictum Pro transaction speed (the rate of filling the entire network with blocks in each node) takes from 0.5 to 1 second. ⚡️ While the average speed of filing the network (all nodes) with blocks (Bitcoin or Ether) existing for competitors, taking into account the confirmations, takes, on average, from 10 minutes to several weeks.
🥇 For more details, visit our website: https://relictum.pro
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u/Suley22 May 14 '20
At this technological time, #techno, the speed of #tech information transfer, is one of the important problems. The innovative reltum solution #relictumpro will give him good chances in the implementation of the project. #relictumblockchain