Last thread on this topic here
Here's why consistent block times are important:
- Exchanges require block confirmations
- Binance requires 2-blocks before funds are tradeable
- Traders move high volume of money to and from exchanges
- Need expectancy of when funds will arrive.
- Bitcoin is a liquid pair, but the user is guessing due to congestion.
- Bitcoin Cash is a liquid pair, but the user is guessing due to random block confirmations.
I'm looking at this from the perspective of a trader. We should not exclude traders as they move high volume of money. Speculative trading also generates a liquid market. Bitcoin sucks as a trading pair because traders leave funds on exchanges because the block congestion and this puts the trader at a security risk.
That leads me to the question regarding the longterm fix for the DAA. Is the assumption that increased future hash rate will increase the likelihood of consistent block times?
[link] [comments]
source https://www.reddit.com/r/btc/comments/eiea35/block_confirmation_times/
No comments:
Post a Comment