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What does Bitcoin transaction depth mean (Bitcoin processing speed)

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What does Bitcoin transaction depth mean (Bitcoin processing speed)

What does Bitcoin trading depth mean in the current period of Bitcoin market surge? In fact, it is to use technical analysis to describe the fundamental aspects of a currency. Specifically, the meaning of Bitcoin transaction depth is “medium”. For example, if the price of a digital currency suddenly rises or falls, it will experience significant price fluctuations (such as Bitcoin falling by 20% in a day); What happens when a large amount of funds flows into some of these exchanges; If you discover that this coin has been stolen by hackers, it will pose a serious risk

Transaction processing speed of Bitcoin

According to Bitcoin exchange guide, the average transaction processing speed of Bitcoin per second is 1-2 milliseconds. According to BitInfoCharts data, over 15 new transactions can be processed per minute; If 10 new transactions per second are added to a block, it takes about 5 minutes to complete this process: this means waiting for about 14 hours every 10 minutes. Therefore, in order to achieve rapid and secure network development, network congestion usually increases, as many users hope to solve these problems in a short period of time.

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