Why Do Bitcoin Transactions Take So Long?

Why Do Bitcoin Transactions Take So Long_web

There’s no denying that Bitcoin transactions are convenient, flexible, and perfect for facilitating decentralized commerce around the world. Still, one lingering problem has been a facet of Bitcoin transactions since these digital assets’ inception: transaction time.  Even with today’s technology, Bitcoin transactions can take quite a while to finalize. Why is this, and is there any way to fix it?  Today, let’s break down the answer to both of these questions and more. How Bitcoin Transactions Are Confirmed For Bitcoin to work, transactions must go through a lengthy and complex…

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How to Receive Bitcoin and Altcoin Payments with CoinPayments

CoinPayments is the number one payment processing platform for online businesses or anyone wishing to adopt cryptocurrencies for their ease of access and worldwide flexibility. Although getting started with CoinPayments is easy, many users aren’t quite sure how they can quickly start receiving Bitcoin and altcoin payments. Below, you’ll find a detailed breakdown of how to receive Bitcoin and altcoin payments by connecting your eCommerce site to the CoinPayments platform. Create a CoinPayments Account The first step is to create a CoinPayments account, which any business owner can do by…

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The Halvening: Understanding Bitcoin Halving

An entity by the alias “Satoshi Nakamoto” wrote the blueprint to one of the most significant phenomena of the 4th industrial revolution; the first-ever cryptocurrency, bitcoin. Unlike most traditional currencies, such as dollars or euros, bitcoin’s code has a finite supply and a predictable schedule. As part of the bitcoin design, there will only ever be 21 million coins. This predetermined number was put in place to keep the supply scarce, so alongside its utility, it would largely influence their market value. (Here is to the 100+ million of us…

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