• makeasnek@lemmy.ml
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    2 months ago

    45 minutes to process a transaction and requires the burning down of several rainforests per transaction.

    Don’t listen to people who are critical of a thing if they clearly don’t even understand the basics of how it works. On main chain, a Bitcoin transaction typically take up to ten minutes (the time between blocks). It can take longer if you set a super low fee, but you can guarantee your payment goes into the next block by paying an average fee, usually around $0.75. Your wallet does this all automatically.

    On lightning where most transactions occur these days (secured by main chain) transactions settle fully in under a second. Do your own research.

    Besides, we all know Bitcoin only takes a single rainforest per transaction, it’s been that way since the great rainfork which is ancient history at this point.