Cryptocurrency Q&A
How long does a bitcoin transaction last?
How long does a bitcoin transaction last?
Lorenzo
Mon Jul 08 2024
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8 answers
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Could you elaborate on the duration of a Bitcoin transaction? I'm curious about the typical timeframe it takes from initiating a transfer to seeing it reflected in the recipient's wallet. Are there any factors that could potentially delay the process? I've heard about things like miner fees and network congestion, but how significant are these in determining the speed of a Bitcoin transaction? Any insights you can provide would be greatly appreciated.
8 answers
Carolina
Wed Jul 10 2024
The process of Bitcoin transactions begins with altering the address where the coins are destined.
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KDramaLegend
Tue Jul 09 2024
This step ensures that the funds are redirected to the intended recipient.
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Giulia
Tue Jul 09 2024
The speed of Bitcoin transfers is significantly faster compared to traditional banking systems.
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SejongWisdomKeeper
Tue Jul 09 2024
The lack of intermediaries and a more streamlined process contribute to this efficiency.
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Andrea
Tue Jul 09 2024
Subsequently, miners on the blockchain network verify the legitimacy of these transactions.
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