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EU seeks to make 10-second instant bank payments a reality (www.euronews.com)

submitted 2 years ago by sv1sjp@lemmy.world to c/europe@feddit.de

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[–] LufyCZ@lemmy.world 7 points 2 years ago* (last edited 2 years ago) (1 children)

Main chain transactions should, on average, take around 6 minutes to confirm.

It'll be seconds only if you're very lucky.

Don't wanna hate, crypto is hella cool, but overselling it won't help anyone.

Edit: oh yeah, and lightning won't confirm in microseconds, you've got your scales mixed up mate, it's gonna be tens to hundreds of milliseconds, simply of your wifi's latency.

[+] makeasnek@lemmy.ml 2 points 2 years ago* (last edited 6 months ago) (1 children)

[deleted]

[–] LufyCZ@lemmy.world 3 points 2 years ago* (last edited 2 years ago) (1 children)

Nobody serious is ever gonna sell you anything without a block confirmation, that's just delusional.

For a settlement with a friend, sure, but don't tell me you believe you'll walk out of a store before it hits at least 1 conf

It's not a double spend if it hasn't been confirmed yet, you can always replace-by-fee before it even makes it onchain