Bitcoin’s Network Archives | CoinPayments Blog

Why Do Bitcoin Transactions Take So Long?

May 17, 2022May 17, 2022 CoinPayments

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…

Bitcoin’s Network: What is It and How it Works

November 24, 2021November 24, 2021 CoinPayments

Bitcoin is more popular than ever these days, and not a day goes by without major financial institutions talking about it. But even as individuals and businesses begin to adopt Bitcoin, many still wonder what Bitcoin’s network is and how it works. After all, can you really trust a currency whose principles you don’t fully grasp? Today, let’s take a deep dive into Bitcoin’s network and break down how it works so you know the true value of this digital currency and trust in its underlying system. What is the…