Daniele
Mon Jul 08 2024
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5 answers
977
Are cryptocurrency transactions faster than fiat currency transactions?
Could you elaborate on whether cryptocurrency transactions tend to be faster than those involving fiat currencies? Given the decentralized nature of blockchain technology, does it allow for quicker settlements and confirmations? Do cryptocurrency networks, such as Bitcoin or Ethereum, offer instantaneous or near-instantaneous transactions compared to traditional banking systems? Furthermore, how does the speed of cryptocurrency transactions vary across different cryptocurrencies and exchange platforms? Are there any factors that might affect the speed of cryptocurrency transactions, such as transaction fees or network congestion?
