3 Solutions for Instant Bitcoin Confirmations
Merchants and customers don't want to wait around for Bitcoin confirmations. One of the so-called "problems" with Bitcoin in the eyes of new users is the lack of instant confirmations. Transactions are usually viewed as generally secure after a few confirmations on the blockchain, but this can create a problem in situations where you want to buy something from a store and then leave without having to wait around for the next block. The time between new blocks has led to the creation of a number of different altcoins that boast confirmation times in the one minute range, but creating an....
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Namecheap, the domain registrar, has announced that it will now take bitcoin as a form of payment for its services. It also claims that it is the first major domain registrar to do so. This has come after a wave of popular demand for the cryptocurrency. Not only that, but also in response to popular demand, it will accept payment in bitcoin with "zero confirmations" (i.e. the transaction has not yet been verified in the global block chain) so as to provide an instant service to customers. It's a notable risk for Namecheap to accept zero-confirmation transactions. This means that they would....
E-Coin card users can now send bitcoin and instantly load their cards rather than having to wait for three confirmations, thanks to BitGo Instant, which provides immediate settlement of bitcoin transactions. E-Coin, a wallet which provides both physical and virtual bitcoin debit cards, now allows users to send bitcoin from within the BitGo Instant network which includes 11 companies with more on the way. If a transaction is not confirmed on the blockchain, the service guarantees recipients compensation via a claim fulfilled by BitGo, a multi-signature bitcoin wallet which pioneered the....
Transactions are committed to the block chain about every 10 minutes. Zero confirmation transactions do not reside in a block yet. Instead, they reside in the memory pool of miners. Until a block is mined that includes the transaction, it is said to have 'zero confirmations.' Once included in a block and written to the block chain the transaction has one confirmation. Confirmation time is a measurement of a transaction's depth or age, in the block chain; the higher the number of confirmations, the older the transaction. When transactions are first broadcast to the network, they are zero....
I/O Coin, a cryptocurrency, has announced a final beta test in preparation for the launch of its Decentralized Input Output Name Server (DIONS) blockchain upgrade. The I/O Coin team previously created a full-featured HTML5 IOC wallet alternative to the bitcoin-based QT wallet. IOC has what its developers consider the best of both PoW and PoS technologies. Faster Confirmations. Launched as an X11 PoW-based cryptocurrency, IOC transitioned to unique PoS I/O. The PoS-based IOC used a volume-controlled blockchain that can execute instant transfers that receive confirmations in less than 30....
It is positive to see this service reach such a milestone in quick succession. In the world of Bitcoin and cryptocurrency, receiving faster transaction confirmations is of the utmost importance depending on which transaction fee one pays, this process takes roughly 10 minutes or longer. ViaBTC recently launched a service that helps transactions gain confirmations instead of being delayed. So far, the ViaBTC Transaction Accelerator has processed over 5,000 transfers successfully, which is quite a milestone. The ViaBTC Transaction Accelerator is quite a nifty feature. Bitcoin users have....