Giulia
Sun Jul 07 2024
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7 answers
1409
Will rebroadcast speed up my Bitcoin transaction confirmation time?
Could you elaborate on whether rebroadcasting a Bitcoin transaction actually speeds up its confirmation time? Some in the <a href="https://www.btcc.com/en-US" title="cryptocurrency">cryptocurrency</a> community claim that rebroadcasting the same transaction with higher fees or resending the transaction multiple times can expedite the process. However, I'm curious if this is a misconception or if there's indeed merit to this approach. Do rebroadcasts increase the chances of miners including your transaction in the next block, or is it simply a waste of resources? I'd appreciate your insight on this matter, as the confirmation time for Bitcoin transactions can be quite variable and sometimes frustrating for users.
Martino
Sun Jul 07 2024
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5 answers
1047
What is the average bitcoin confirmation time?
Could you elaborate on the average <a href="https://www.btcc.com/en-US/academy/research-analysis/bitcoin-btc-price-prediction-2023-2025-2030-is-btc-a-good-investment" title="Bitcoin">Bitcoin</a> confirmation time? I understand that the process of confirming a bitcoin transaction involves multiple nodes in the network validating and verifying the transaction. However, I'm curious to know what the typical timeline is from initiating a transaction to its ultimate confirmation. Is it a matter of seconds, minutes, or even hours? Also, are there any factors that could influence this confirmation time, such as network congestion or transaction fees? Your insights would be greatly appreciated.
