- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Bitcoin improvement thread
Posted on 4/4/13 at 9:33 am to WikiTiger
Posted on 4/4/13 at 9:33 am to WikiTiger
Wiki, any idea when the transaction verification time will be reduced to near real-time? I'm sure this is in the works...?
ETA: haven't had a chance to look at the video you posted above yet...
ETA: haven't had a chance to look at the video you posted above yet...
This post was edited on 4/4/13 at 9:35 am
1
Posted on 4/4/13 at 9:46 am to gizmoflak
quote:
Wiki, any idea when the transaction verification time will be reduced to near real-time? I'm sure this is in the works...?
As far as I know, there are no plans to change the time required for confirmation. I don't even think that could be done without a hard fork.
That being said, however, there are things in the works and ideas in the ether to "fix" this issue.
One is the use of green addresses, which are essentially special trusted addresses that the recipient trusts will not attempt a double spend, therefore, instant transactions are possible.
Another idea is basically third parties that manage transactions off of the bitcoin blockchain, and then settle up later. For instance, perhaps a company could come about that processes POS transactions for retail customers. They would ensure that all transactions are instant and legit, and then settle up later.
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News