People who have been successfully mining bitcoins for a long time know that the transaction confirmation operation is one of the weaknesses of this cryptographic system. Weak not in terms of security, but in terms of the time spent on this procedure.

Nevertheless, you still have to withdraw the coins you receive on the wallet, respectively - you have to deal with confirmation, which can last from an hour to six to seven hours, and often up to a whole day.

Why does it take so long to confirm a transaction? In order to understand this, let's briefly understand the nuances of the procedure for withdrawing or transferring bitcoins from one account to another.

What is the bitoin blockchain system?

It is important to understand that blockchain technologies work as part of the process of generating information blocks with data about the cryptocurrency itself and the transactions ordered by users. Thus, an -transaction can be simplified as a data transfer to a common, large network by displaying them in intermediate confirmation blocks.

The publicly available information for each transaction consists of:

• The addresses of the public key - the place where the coins are transferred from.
• Initial data containing information about the -address from which the btc coins were received.
• A specific amount transferred to another cryptocurrency account.
• The hash code of the transaction, which includes information about the reward (commission) for the process of creating a new block.

Full confirmation of a transaction in the Bitcoin system occurs after the approval of a transfer by six information blocks. This number of confirmations was not chosen by chance: the probability of forging one block in the system is rather difficult. And it is even more unlikely that as many as six blocks will be forged - for a successful operation, the hackers would need computer equipment worth several million dollars.

Actually, this whole multi-block confirmation system leads to the fact that it takes hours to wait for the transfer of bitcoins. Moreover, cases of refusal to confirm a transfer request from a particular block are not so rare. In this case, it is returned to the -wallet (there are very few cases of unconfirmed transactions hanging inside the -system).

Many active users of the Bitcoin system are interested in a completely natural question - is it possible to speed up the process of confirming transactions?

Several acceleration methods do exist and are worth paying attention to.

1) Using specialized serviceswith the specifics of conducting transactions separate from the centralized system. Among this kind of services that offer almost instant bitcoin transfer, one can single out, for example, ooinbase.

2) Application for - multisignature translations - a digital signature tool from multiple trusted users allowing the movement of cryptocurrency. The Bitcoin system treats multisig transactions as more secure by quickly sending them to generated blocks.

It is curious that some services of independent-wallets include in the transaction, in addition to the standard information about the signature, and their multisignature (as confirmation of the reliability of the transfer). So, the replace-by-fee function is implemented in the GreenAddress service, which, among other things, allows you to speed up the process of cryptocurrency movement.

3) Using trusted serverswith open information on each transaction. The possibilities of open-transactions, with all the information about the addressee and the addressee, are very rarely used, since they contradict the main idea of \u200b\u200bdigital currency - the anonymity of money transfers. Nevertheless, such an option for accelerating transactions in the -blockchain exists, and it is quite working.

4) Experienced wallet owners also know that it is possible to increase the speed of transaction confirmation by increasing the transfer fee... Users are allowed to choose the size of the commission themselves, while it should not be less than the amount of 1 satoshi. The miners found out in a practical way that the higher the commission offered by the user, the higher the priority in the system will be to confirm the transaction for him.

conclusions

In general, analyzing all the nuances of the blockchain system, we can conclude that in order to speed up the confirmation of transactions, it is optimal to use the option of using a multisignature.

Among the factors affecting the priority of the bitcoin transfer rate, one can single out:

• Transaction size - the higher the amount of transferred currency, the higher the status of the transaction.
• The storage time of bitcoin in an electronic wallet - the system trusts more the currency that has been stored in the user's account longer.

Bitcoins, being an electronic currency, can be used to conclude transactions and pay for goods or services. But, since they exist only in electronic form, they can only be used to pay on the Internet. In this case, the created system requires confirmation of each performed operation. This is the only way to achieve the safety and security of financial transactions.

But how to check how long it will take to transfer funds, how to get confirmation of a Bitcoin transaction in the blockchain? Sometimes the time of receipt of goods and even the conclusion of important transactions depends on these questions.

To find out how many checks are required to complete a transaction and how long to wait for the receipt of funds, you need to understand the features of cryptocurrency transfers. This process consists of several stages:

• the addressee poisons the money;
• information about transactions is drawn up in special blocks, each of which has a number and a hash (special data);
• then the blocks are sent to different computers for checking;
• if everything is done correctly, the information received enters various databases;
• tested blocks complement the overall chain;
• the money goes to the recipient.

To make a transfer, the transaction must be verified in 6 blocks. If this does not happen, the crypto money will not reach the final destination. Accordingly, the time of sending finance depends on the speed of confirmation.

Bitcoin transaction confirmation time: how long to wait?

Having understood how transactions occur, you should find out what affects the speed of processing and verifying information. To accelerate the process, you need to know what can slow it down. Usually the final time is influenced by:

1. network congestion;
2. sharp jumps in the course;
3. low commission.

The influence of the first factor is especially noticeable. When the system needs to process many requests, users have to wait. It takes a particularly long time to wait during peak activity days, which are rare but occur.

The commission paid to miners is also of great importance. The larger it is, the higher the priority will be. The size of the transaction has an additional impact: sending large amounts is much faster.

In general, bitcoin holders should expect from 2-3 hours to 2 days.

Bitcoin transaction accelerator: how to speed up confirmation

Theoretically, it is impossible to speed up the confirmation of bitcoin transactions. Since it is impossible to increase the speed of data processing on someone else's computer. But in reality, everything is somewhat different. Cryptocurrency holders can take advantage of several options:

• increase in the size of the commission;
• using proven reliable wallets;
• opening a transaction;
• using multifunctional wallets that support multi-signature creation.

Additionally, those who wish can use an alternative option that involves the preparation of transactions in reserve. This option requires the creation of private, wallet-independent addresses with bitcoins. At the right time, it is enough to simply give the recipient the keys to them, and they will easily take their cryptocurrency.

It is worth remembering that, despite the absence of the need to worry and think about how long to wait for the receipt of funds, this approach is available only to experienced users, so you should not check its effectiveness without having enough knowledge and practice.

Transaction confirmation

Sending cryptocurrency is important not only for the sender, but also for the final recipient of cyber money. Sometimes, when you don't want to wait for the receipt of funds, you can simply confirm the sending. In situations where the use of accelerators is inconvenient or impossible, there are two convenient approaches that can confirm the integrity of the addressee even before the operation is completed. Users can:

1. choose a convenient wallet that supports transfer confirmation (both parties should use this wallet);
2. use the functionality of the blockchai.info website.

When choosing option 2, it is enough to know the payment hash. It should be communicated to the recipient so that he can enter the received numbers in a special field on the mentioned site. These actions will allow you to see all the necessary information about the transaction, and the participants in the transaction will stop thinking about how to push the cryptocurrency.

Bitcoin transaction: speeding up

Depending on the conditions, the time of making a bitcoin payment can be either instantaneous or take several days. Therefore, in order not to find yourself in a difficult situation, you should think over all the details in advance and decide how to speed up the process. And the most important is the size of the commission and the reliability of the chosen wallet. If miners get good rewards, the priority of data processing will increase dramatically. A high-quality payment resource is able to make a financial transaction instant.

One of the biggest problems with Bitcoin is transaction confirmation times. Not only are blocks 10 minutes apart, sometimes the network runs at maximum bandwidth, which means you either have to pay more in fees and commissions, or wait longer for a transaction to be included in a block.

However, there is a free service provided by ViaBTC that speeds up your transactions.

ViaBTC offers a maximum of 100 transactions per hour for those transfers that are in the queue. This limit is enough for those looking for faster ways to transfer money.

Users can submit any transaction that includes a minimum of 0.0001BTC / KB, and ViaBTC prioritizes this transaction to be included in the next block whenever possible.

Let's take a look at how to use this awesome service! Let's assume you have already committed a transaction:

Step 1: Check the transaction ID in the Blockchain explorer or your wallet. If you don't know how to do this, paste the address to which you sent the coins into the special field on the Blockchain.info website and press Enter.

Step 2: Once you've identified your transaction (probably the most recent one), copy the txid at the top.

Step 3: Click to go to ViaBTC.

Step 4: Close the information window (be sure to read it).

Step 5: Paste the transaction ID in the first field.

Step 6:Submit“.

That's all! If acceleration is successful, you will see the following message:

Now you can rest assured: if your transaction is not received by a random miner, ViaBTC will process it anyway.

The bitcoin transaction confirmation mechanism, which serves as an effective protection tool, helps to prevent multiple spending of funds. The legitimacy of the operation is given by the inclusion in the block found in the process. Each inclusion corresponds to one confirmation, of which at least six must be typed. As a result, the addressee will see the transferred cryptocurrency in the wallet after receiving a certain number of bitcoin confirmations. Therefore, the transfer of funds can be considered complete. In this article, we will take a closer look at how to speed up the confirmation of a Bitcoin transaction.

Basic methods

To speed up the process, you can use several methods:

1. Using centralized services that form cryptocurrency wallets. Transfers of funds between clients are performed without being connected to the blockchain ecosystem and therefore instantly. Due to the fact that internal manipulations with cryptocurrency are carried out instantly.
2. Multisignature - serves as a guarantee of reliability and eliminates the need to wait for the network to search for blocks.
3. Open transactions - carried out with the provision of complete information about the addressee and addressee. Although this scheme violates the fundamental principle of the anonymity of money transfers, which is inherent in the idea of \u200b\u200bcreating a cryptocurrency.

Attention! Technically, bitcoin transactions cannot be accelerated. The process proceeds according to a certain algorithm, including the search for blocks in the network and not amenable to outside interference.

Commission increase - increase your priority in the transaction

The speed of the payment can be influenced indirectly by increasing the commission. The fee set by the system is 0.0001 BTC (it may differ depending on the service), but by increasing the amount, the user will reduce the network load and increase the chances of speeding up the process. As a result, the increase in commission will give you the following effect:

1. Increase in priority - a transaction with a higher commission is faster included in the pool in the first block found.
2. Leveling network load.

By increasing the priority, the sender increases the likelihood of hitting the nearest block. Although if the network searches for subsequent elements for a very long time, then it will not be possible to speed up the work. In addition, having found out how many confirmations for a bitcoin transaction need to be obtained, and what mechanisms there are that affect the speed of the operation, you can draw up a strategy that allows you to partially influence the process.

How to speed up Bitcoin transaction confirmation? (video)

Stock transactions

Advanced users suggest a complex but effective method:

1. Formation of addresses with private keys that are not connected to wallets.
2. After that, transfers are made to addresses in order to form an exchange reserve. You will need to send 1 BTC to 50 wallets, transfer another 0.5 BTC to another 100 addresses and then proceed according to the same principle.
3. As a result, an instant transfer of funds is made by transferring the private key of the address to the receiving party, which connects it to their own wallet.

Let's consider how to speed up the confirmation of a Bitcoin transaction using this method, which requires in-depth knowledge. The network knows in advance that money was found at these addresses approximately N blocks ago. As a result, the recipient of the funds, connecting the address to their own wallet, sees the balance replenishment instantly. In addition, these procedures must be carried out in advance, making a reserve for the future. Naturally, these transfers cannot be accelerated, but if there is a reserve of money, the implementation of this scheme will reduce the transfer time to a few seconds in the future.

Attention! So, you can only do with recipients whom you trust, since, having a private key, the user can withdraw all the money.

Proof of transaction for recipients

The main difficulty in mutual settlements in bitcoin is control over the process of transferring money. If a certain number of confirmations do not pass, the recipient will not see the transferred funds in the wallet. We will analyze how to view the confirmation of a Bitcoin transaction to the recipient, reducing the waiting time. Most programs that transfer cryptocurrency wait for a response from the network and only then display the money transferred by the sender in the wallet.

The exception is the program that instantly lets you know about the transfer of bitcoin. If this type of wallets is set for the recipient and the sender, then the display of the transfer will be instant. The second option, which allows verification of confirmation of the bitcoin transaction, is to provide the addressee with a link to the transfer of money from the network monitoring site. As a result, having seen the fact of the transfer of funds, the user will consider the sent cryptocurrency as received, without even seeing it in his wallet.

Use the indicated methods and speed up the system by establishing interaction with partners through mutual settlements in Bitcoin. You can get detailed information about the mechanism for transferring money and transactions in the previous article

Bitcoin users often face a big problem. Sometimes it seems as if a Bitcoin transaction is stuck and will not receive confirmation on the network. This is a common misconception among users, because some transactions may take longer than usual to receive the first confirmation. But for those who can't wait, there are solutions to speed up such transactions with a minimum of effort.

4. Transaction Accelerator ViaBTC

The ViaBTC Transaction Accelerator is a new service launched about a year ago. It allows you to speed up the confirmation of stuck transfers. Until Bitcoin's block size is increased or space is used more efficiently, there may be periods when confirmation can take hours or even days.

In this regard, the ViaBTC transaction accelerator can prove to be a very valuable tool. Although it can only handle a few transactions per hour, it is still quite powerful. Such transactions will be added to the next block mined by ViaBTC pool and cloud mining clients. At the time of this writing, this service is free.

3. The child pays for the parent

Sometime we are already in more detail. With its help, you can speed up the confirmation of your original transaction on the network if you calculate the correct commission instead of the standard one. During periods of network congestion, a higher commission is more important than others. In this method, essentially an unconfirmed transaction is sent to a different bitcoin address.

2. Replacement by commission (replace-by-fee)

As the name suggests, the replace-by-fee (RBF) method is based on re-creating an unconfirmed transaction with a higher fee. If your original Bitcoin transfer has not received online confirmation, it can be “re-sent” to the same address with a higher fee. In the past few months, the replace-by-fee option has been integrated into many Bitcoin wallets as the problem of network congestion has become more prevalent than we would like.

Be aware that using replace-by-fee Is not the same as sending your funds twice. Until the original translation has been validated by the network, the money has not been officially spent. This is why replace-by-fee is such an efficient tool, as it solves the problem without calling