Just did 8 tx in the last hour. All of them confirmed within 9 min. Longest one took 8:32 to confirm.
And the best part is ZERO fees on each one of those bad boys.
Posted Mar 2, 2018, 2:35 AM UTC
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But i thought the Tangle was broken. That's what they all say. /s
Bahhh, Bahhhh. I'll go and eat some grass now.
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9 minutes is still slow. My biggest issue is often reattachments. You need to reattach really often to get confirmed. Maybe that's the point: The network is more under attack than spamed with valid transactions. But okay, probably, the trinity wallet will solves this. :) You just get a bunch of reattachments :)
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I keep seeing people say that you need to reattach often to get confirmed but with the 5 transactions I've done, I just set and forget and it has always got confirmed just fine?
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Promote more than reattach. Only should reattach every 15 min or so
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Yes. Trinity will remove this feature.
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9 minutes? Huh... that's exceptionally slow.
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last week i sent few miota from my address to my other address.. last time I check (early this week) it's still pending even after reattach & promote & rebroadcast.
im not worried cos it's between my own wallets.decided just wait for the UCL.
but your post made me want to try again today.
btw, which host did you use? and what is the node setting?
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If you're having issues with pending transactions, post the hash to r/IOTAsupport and they'll help push it through.
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tnx for the info!
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you can promote it on your own, right??
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i did reattached & promote but nothing happened... wait, did you mean I can run full node? well that crossed my mind.. i might eventually. but I guess this is not my priority right now..
edit: whoa just saw your link.. TIL. tnx mate!
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Shortest time?
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Shortest time depends if you can get the tx done just before a milestone is issued. My personal best is under 30 seconds.
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That's garbage.
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8 mins! Dude well let's hope they sort that out soon, how comes it takes Iota so long to put a transaction through I thought this was a newer "better than blockchain" technology?
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Why is the network still so slow with all this transactions? Average confirmation time was 11 minutes today, I had bad luck and it took me over an hour...
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No wonder, the tangles speed is 100+ tps
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9 milliseconds would be more on par with competing DAGs
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Weight set to 14 dude. If by competing dag you mean XRB you should read about weight magnitude and how that is the reason why the Bomber issue happened in the 1st place
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Elaborate on weight magnitude? I was directly effected by Bomber
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Wallet needs to hurry up and come
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You guys realize that is 8 min with a weight magnitude set to 14-15 right? If you think 8 min in a 15 weight dag is slow then I don't think you understand the tech
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99.9% of people in this world don't even know that there are cryptos that don't require mining.
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That's quite a long time....
How long does it take for the money to come out of your bank account when you swipe your debit card at the supermarket? (Not show up as pending - the amount of time that it takes from you swiping your card until the transaction is completed.)
How long have the banks been in business vs. the IOTA project?
How long does it usually take for your card to be approved at the gas station?
This is the minimum standard to be looking at regarding payments. But for some uses cases (AVs coordinating with each other based on shared sensor data) it needs to be much much faster than POS transactions.
You're forgetting the most important aspect of Iota. Today is the slowest it will ever be. As traffic increases so does Iotas speed. The more people there are to make transactions, the more people there are to confirm transactions. Everyone wanting to make a transaction must first confirm 2 others. As the traffic scales up, the speed rapidly scales up. In a year when Bosch and VW are putting real world products to the martlet and the traffic is 50x what it is now, you'll look at today's numbers and laugh
I'm actually not worried about the numbers, at all. But we don't know that it's the slowest it will ever be. We're still in Beta with a coordinator and have a bit to go before we have a complete picture of the challenges ahead. While a lot is known, the real world always has lessons to teach. But yes, we should expect lightening quick speeds in the not too distant future.
Theoretically yes, but have we actually seen the network get faster as its gotten bigger? (genuine question, I haven't researched it)
Give the Foundation time to do their jobs. You guys want a finished project before it's even out of beta status. I wish some of you were more reasonable people (not calling out anybody in this thread in particular - just in general).
I'm working with the tech myself. I'm totally patient. I'm just pointing out that there's a ways to go (coordinator is still in place as well) before hyping up something as major progress rather than an iteration towards major progress.
Finally some questions I can answer!
#1: a long time #2: a long time #3: a short time
Credit cards are old tech.
Again, weight magnitude set to 14. If you think that's slow then you should read about how the lack of it is what allowed the Bomber XRB issue to happen
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That is just false