Not waiting: the blockchain of Bitcoin is in fact faster altcoins

One of the common criticisms in the address of Bitcoin is the very slow speed of the cryptocurrency. At least compared to the new players in the market. Thus with regard to the decentralization level of Bitcoin — full protection from the threat of double-spending six provide evidence of transactions.

So how many approvals are required Aldona to provide the same protection to the network? And how much time will be spent on these confirmations? Time for comparative analysis.

The contents

Bitcoin Ticker BTC

Today, the market capitalization of Bitcoin reaches 124 billion dollars. For the sake of protecting transactions within the network is necessary to wait for six confirmations from different nodes. The estimated waiting time is 1 hour and 2 minutes.

The Ethereum, Ticker ETH

The Ethereum is the second-largest cryptocurrency by market capitalization. She is now a little more than $ 20 billion. To do the same amount of work that occurs during the course of the six confirmations in the network of Bitcoin, Ethereum will be nearly 1400 approvals. It presumably will take up to 5 hours and 11 minutes. That is five times more than they need Bitcoin.

Source: 2bitcoins.ru

Litecoin, Ticker LTC

Litecoin uses a different hashing algorithm, which in theory should run faster of Bitcoin. Litecoin — fifth of the market capitalization of the coin from 5.31 billion dollars of capitalization. On the same task in the network of Litecoin will need 250 confirmations. And it is 11 hours and 19 minutes, which is 11 times slower than the main cryptocurrency.

Source: 2bitcoins.ru

Hardwork Bitcoin Cash is quite simple compared with the forefather of the cryptocurrencies use the same hash algorithm. It is the fourth largest cryptocurrency with a market capitalization of which is of 6.32 billion dollars. In this case the user 122 will need confirmation to process the same query that the network of Bitcoin requires six confirmations. It will take approximately 19 hours, 19 minutes. Here Bitcoin faster 18 times.

By the way, this is not the worst result: in the case of Bitcoin, SV, Dash and Monero transaction processing will be held in 53, 78, and 90 times slower, respectively. It should be noted that this study was not taken into account potential differences in the structure of networks. The unique properties of some of the block chain can have a positive impact on improving the safety or speed.

In our cryptodata there are still a lot of other useful information.

Subscribe to our channel in the Telegram. Don’t forget about sensible diversification!

0 Comments on “Not waiting: the blockchain of Bitcoin is in fact faster altcoins”

  1. I am the head developer for the E-mail Extractor and Internet Search Engine Scraper by Creative Bear Tech – creativebeartech In summary, this search engine scraper can scrape most of the search engines, including Google, Bing, AOL, Yandex in addition to social media platforms including Facebook, Instagram, Twitter, LinkedIn, Yellow Pages, Google Maps and much more I imagine it will be much easier if you read through the full guide at blockchainlifemag 2019 05 21 guide-email-extractor-and-search-engine-scraper-by-creative-bear-tech The application is not official yet, but immediately after it is, it will be readily available on creativebeartech We are at the present time beta testing the program and trying to find beta tester and software reviewers You will get the complete licence key for the software and can even scrape B2B contact details for your own specific niche If interested, please give me a shout on Facebook facebook Creative-Bear-Tech-2284249764963533 or just reply to this thread

  2. Hi everyone! I was pondering whether anybody would love to join me as a hemp and CBD product reviewer? I have actually received a lot of cbd products from popular brands like King Kanine I likewise have a great deal of CBD and hemp products to send out to CBD and hemp reviewers, including CBD TINCTURES, CBD Creams and CBD Condiments I also do vape reviews and am seeking a vape reviewer also to review the following eliquid brands (will be shipped to you): Cinnaberry E-Juice, Fresh Glazed E-Juice and Not Fair E-Juice Many thanks guys and have a fab day! You can contact me at allvapestores

  3. Good Morning I would like to invite you to join Sweaty Quid, the best freelance site where you can hire freelancers for all your business needs as well as provide your own services for free Register today at sweatyquid and If you have any questions, do let me know I will see you on the other side!

Leave a Reply

Your email address will not be published. Required fields are marked *