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RE: Ulog 18: First restaurant bill paid in bitcoins
I would have been a little frustrated with the speed of the transaction in the past. How was it? For speed, maybe i'd use eth,etc, or xrp now.
I would have been a little frustrated with the speed of the transaction in the past. How was it? For speed, maybe i'd use eth,etc, or xrp now.
I was utterly surprised by how fast it was. I entered in the amount and pressed entered and on the other side I saw it popped up instantly.
Actually it just "recognises" that there is a transaction ongoing, it doesn't indicate that the money is already there in the restaurant's wallet. That's why it's fast. However, depending on your fee, the transaction can takes an hour or days to get into the restaurants' wallet.
Due to the fee and the time, many coins were developed to solve this problem. I have seen many stores in Korea using Cardano (ADA) for everyday transaction. Take 0.01 ADA per send and less than 5 mins for the receiver to use the coins.
Yes that must be the case. When I got home and checked, it still said “pending”.