10 years of whatever this has been

Re:10 years of whatever this has been by grey-area on Thursday November 18, 2021 @01:35AM (#29262637)

Current fees are very high: eth $81!, Bitcoin $2.78

Time to confirmation varies from 300-600 seconds compared with ~ 1-3 seconds on traditional networks.

I’m afraid it is neither cheap nor easy.

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Re:10 years of whatever this has been by pcthrowaway on Thursday November 18, 2021 @08:54AM (#29265358)

There are other blockchains without those issues. I'm not naming names but if you care to research the space at all you'll find many, with various strengths and tradeoffs.

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Re:10 years of whatever this has been by TimJRobinson on Thursday November 18, 2021 @01:29PM (#29268739)

zksync, Optimism, Arbitrum, DyDx, Loopring are all available now, have instant confirmations, and cost <$1 for transactions.

They are layer 2's on top of Ethereum. This is why Visa and other major financial firms are building on Ethereum.

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Re:10 years of whatever this has been by keymone on Thursday November 18, 2021 @02:02AM (#29262822)

0 fees on bitcoin with lightning. confirmation as fast as your internet latency. no tradeoff in security or underlying asset - it's still bitcoin.

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