Cryptocurrency Q&A
Do transactions on blockchain happen immediately?
Do transactions on blockchain happen immediately?
alexander_rose_writer
Wed Dec 18 2024
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6 answers
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I'm wondering if transactions on the blockchain occur instantly. I've heard about blockchain technology and its decentralized nature, but I'm not sure how fast the transactions are processed.
6 answers
Andrea
Fri Dec 20 2024
However, under conditions of heightened network activity, transaction confirmation times can extend.
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Raffaele
Fri Dec 20 2024
When the network experiences a high volume of transactions, the verification process can become congested.
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CryptoEnthusiast
Fri Dec 20 2024
As a result, individual transactions may take significantly longer to be processed and confirmed.
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EthereumEagleGuard
Fri Dec 20 2024
Blockchain networks primarily strive to verify transactions swiftly, usually within a timeframe ranging from a few minutes to an hour.
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CryptoPioneer
Fri Dec 20 2024
In extreme cases, it is possible for a transaction to take several hours or even days to complete.
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