Transactions of less than two seconds are widely accepted on the BSV blockchain.
Transactions of less than two seconds are widely accepted on the BSV Blockchain.
“Sending £100 securely to the other side of the world in seconds isn’t remarkable, sending £0.0001p is“
Daniel Connolly, BSV Lead Developer
The BSV blockchain has lightning-fast processing and settlement times, with a standard transaction, on average, taking around two seconds whether it be to the other side of the world or simply to a friend (peer to peer) standing next to you, all without the need of a third party. These safe and instant transactions are key to unlocking the brick-and-mortar merchant market for BSV payments as money must always be frictionless, low latency and secure. Further security improvements are constantly being made and the BSV blockchain roadmap treats safe instant transactions as a key priority. Blockchain-based applications and services rely on transactions reliably taking place without delay.