Good morning Beehaw it is currently 5:30 am in the morning here in Australia Nov 9 2024.
It may not be morning where you are but it is always morning somewhere on Earth. Plus this chat is more of a vibe. Have you been doing any hobbies lately or discovered a new tv show? Maybe you worked on something and want to share it or you recently found something you are passionate about?

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1 point

Monero does not have replaced by feet

Don’t quite understand that, sorry

but buying a car would take 10 blocks or about 20 minutes

So about the same confirmation speed as BTC?

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2 points

Replace by fee is a mechanism where as long as a transaction has not been confirmed yet you can replace it with a new transaction as long as it pays a higher fee but that could cause double spending which is a problem.

Also, in Bitcoin, they say, in order to make sure a transaction has really gone through, you should wait 7 blocks. And therefore, that would be 70 minutes instead of 20 minutes.

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1 point

I see. Thank you for explaining clearly!

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2 points

Glad I could help. If you ever decide to start playing with it, send me your wallet address and I will send you a little bit to get started with.

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