Cryptocurrency Q&A
What determines the speed of a Bitcoin transaction?
What determines the speed of a Bitcoin transaction?
Ilaria
Sun Dec 22 2024
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6 answers
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I'm wondering about the factors that influence the speed of a Bitcoin transaction. Specifically, what are the key elements that determine how fast a Bitcoin transaction can be completed?
6 answers
Lucia
Tue Dec 24 2024
When sending Bitcoin, choosing a higher fee often leads to quicker processing.
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Thunderbolt
Tue Dec 24 2024
Higher fees have the potential to expedite transactions.
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GeishaCharm
Tue Dec 24 2024
Transactions with lower fees may take longer to be processed.
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mia_anderson_painter
Tue Dec 24 2024
The size and frequency of blocks on a network impact the number of transactions that can be handled simultaneously.
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GwanghwamunPride
Tue Dec 24 2024
Networks often prioritize transactions that come with higher fees.
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