Bitcoin Cash Community Explores Zero Confirmation Instant Transactions

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Many BCH supporters believe that if the concept was widely accepted, payments and the transaction speed for BCH would be extremely fast, which as an effect would bring a significant competitive edge to the BCH network. Traditionally it takes ten minutes on bitcoin cash zero confirmation Bitcoin blockchain to fully confirm; however, when blocks are full that time can be extended up to several days.

For this reason, lots of BCH supporters believe Bitcoin Cash is a perfect network to start the widespread use of zero-confirmation transactions. This patch would allow the use of zero-confirmations in a much safer manner.

The code was merged into the Bitcoin Core software but was later removed by Core developers. The Bitcoin Cash community believes that zero-confirmation attacks are reliable and secure. InGavin Andresen was chosen by Satoshi Nakamoto himself to inherit the role of lead developer for Bitcoin. Andresen had worked closely with Satoshi prior and his work is seen as integral to Bitcoin by many.

Already businesses have started putting zero confirmation acceptance to the test by allowing customers to transact that way and the results have been surprisingly positive with no reported double spends.

Further, just recently the Chinese exchange Bitasia bitcoin cash zero confirmation allowing zero confirmation BCH deposits as well. Harding emphasizes the BCH community needs to be vigilant. Some people in the cryptosphere believe the next BCH upgrade will address zero confirmation transactions and possibly add some code that introduces further preventive measures against double spending.

According to that the development plan the team seeks to schedule a protocol upgrade May 15th, We will finalize the code and features to be included in the upgrade by three months prior to the upgrade Feb 15, Move toward canonical transaction order, perhaps removing transaction ordering consensus rule as a first step. Note that the specifics of which features will be included is dependent on further discussion, implementation, and testing.

It is bitcoin cash zero confirmation even possible to use Bitcoin Cash without a digital wallet, only having a phone number with CoinText to transact with the digital bitcoin cash zero confirmation, which just launched its open beta.

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Collects questions concerned with the practice of accepting transactions before they reach their first confirmation, i. Questions Tags Users Badges Unanswered. Tagged Questions info newest frequent votes active unanswered.

Learn more… Top users Synonyms 1. I assume they've done thorough research on this and might've come up with some logic to protect themselves from Will Gu 8. Wahidur Rahman 3 3. Can low-cost purchases be accepted safely with no confirmations? You need at least 1 confirmation to prevent a double spend attack.

But in Mastering Bitcoin, there's this note: Maros Hluska 5. Wasn't 0-conf more secure than Visa, before blocks got full and RBF was added? RBF and full blocks make 0-conf useless, because it's easy to override. Wasn't it once useful? I've heard without those it's more secure than Visa in terms of double spending. How to interpret 'doubleSpentTxID' from the insight. We are integrating Bitcoin Cash in our business and the site is now waiting till the first confirmation to accept the payment.

From what I understand I can trust a 0 confirmation tx if I wait long How to integrate 0-conf BCH payments into a web app?

I am currently working on a Bitcoin Cash related project with the goal of helping contribute to the ecosystem. I am getting to the point where I will soon be ready to start integrating with the How will I receive them back? Bitcoin Transaction never confirmed even with a significant fee?

From an exchange the withdrawal fee for bitcoin is fixed to 0. Gordon Ramsey 1 2. As a solo miner how can I prioritize my own unconfirmed transactions? Is it possible to prioritize my own unconfirmed transaction through my mining machines without being in a pool?

And if its possible how can I do that? All I get are informations about transaction with at least Isn't that still enough? Ashkan Mohsenzadeh 1 1. My bitcoin transactions haven't been confirmed for almost 2 day now help?

My transactions are reasonably been small. What are my options? Is there any way to Unconfirmed Transactions for 72hours.. Please Help [duplicate] I have learned about increasing transaction fees to speed up Confirnation and have now been sending BTc with good result. How can I get it to start to make confirmations. I tried sending the same amount with a Stack Overflow for Teams is Now Available. Bitcoin Stack Exchange works best with JavaScript enabled.