How does Monero's transaction speed compare to Bitcoin?

3 answers

• Farzam FerydooniAug 24, 2024 · a year ago
  Monero's transaction speed is generally faster than Bitcoin's. This is because Monero uses a different consensus algorithm called CryptoNote, which allows for faster block generation and confirmation times. Additionally, Monero's block size limit is dynamic and can adjust to accommodate more transactions, whereas Bitcoin has a fixed block size limit. Overall, Monero's transaction speed is considered to be more efficient and scalable compared to Bitcoin.
  457

  229
• Enuwa2020Nov 15, 2021 · 4 years ago
  When it comes to transaction speed, Monero takes the lead over Bitcoin. Monero's block time is shorter, which means transactions are confirmed faster. This is especially beneficial for users who require quick and efficient transactions. On the other hand, Bitcoin's block time is longer, resulting in slower transaction confirmation. So, if you're looking for faster transaction speeds, Monero is the way to go!
  411

  137
• Elia HelouJan 06, 2024 · 2 years ago
  Monero's transaction speed is faster than Bitcoin's due to its unique features. Monero utilizes ring signatures and stealth addresses to enhance privacy, but these features also contribute to faster transaction speeds. By obfuscating the sender's address and mixing transactions, Monero achieves faster confirmation times compared to Bitcoin. However, it's important to note that transaction speed can also be influenced by network congestion and other factors, so it's always a good idea to check the current status of the network before making any transactions.
  563

  141