Good morning Beehaw it is currently 5:30 am in the morning here in Australia Nov 9 2024.
It may not be morning where you are but it is always morning somewhere on Earth. Plus this chat is more of a vibe. Have you been doing any hobbies lately or discovered a new tv show? Maybe you worked on something and want to share it or you recently found something you are passionate about?

  • iii@mander.xyzEnglish
    1·
    2 months ago

    Monero does not have replaced by feet

    Don’t quite understand that, sorry

    but buying a car would take 10 blocks or about 20 minutes

    So about the same confirmation speed as BTC?

    • shortwavesurfer@lemmy.zipEnglish
      2·
      2 months ago

      Replace by fee is a mechanism where as long as a transaction has not been confirmed yet you can replace it with a new transaction as long as it pays a higher fee but that could cause double spending which is a problem.

      Also, in Bitcoin, they say, in order to make sure a transaction has really gone through, you should wait 7 blocks. And therefore, that would be 70 minutes instead of 20 minutes.