When it says transactions takes up to 10 minutes, Why do it take more then two minutes when you transfer money into another account
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Related: What are bitcoin "confirmations"? and How secure is zero confirmations? – meshcollider Dec 20 '21 at 01:36
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On average, it is always ten minutes until the next bitcoin block will be mined. However, there are ways to transact bitcoin without waiting for a bitcoin transaction that includes your payment to be included in a block. For example, you can use the lightning network, which allows near-instant payment confirmation for network participants.
Technologies like the lightning network move payments to a 'higher level' network, which is made secure by the strong settlement guarantees of the bitcoin network. Waiting 10-30 minutes for settlements that reconcile a huge number of individual payments from the higher level network is a much more reasonable architecture, compared to waiting 10-30 minutes for each and every payment to confirm.
chytrik
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