10 Second blocks but 5 Second Transactions?

[yellowecho]

It would be interesting to know how 1 BTC confirmation compares to 1 Nxt vs 1 DPOS.  I don't know if 10 minutes equals 1 or 6 BTC confirmations.

The thing I love about DPOS is you know quite well who is submitting the block. The block is either signed by a delegate or it's not. Much more reliable (less confirmations) than some random miner.

I like it too.. feels better and more secure like someone is doing their job and can be held responsible  ;D

[Riverhead]

It would be interesting to know how 1 BTC confirmation compares to 1 Nxt vs 1 DPOS.  I don't know if 10 minutes equals 1 or 6 BTC confirmations.

The thing I love about DPOS is you know quite well who is submitting the block. The block is either signed by a delegate or it's not. Much more reliable (less confirmations) than some random miner.

[bytemaster]

There's a marketing bit in here somewhere.

I guess if we want to compare relative security I think it is safe to say:

BTSX average confirmation time 5 seconds to 8 minutes.  (1 block to 51 blocks)
BTC average confirmation time 1 hour to 20 hours  (6 blocks to 120 blocks)
NXT average confirmation time 10 minutes to 12 hours
  10 confirmations is recommended for small amounts, 720 confirmations - for big ones.

It would be interesting to know how 1 BTC confirmation compares to 1 Nxt vs 1 DPOS.  I don't know if 10 minutes equals 1 or 6 BTC confirmations. 

[Riverhead]

  10 confirmations is recommended for small amounts, 720 confirmations - for big ones.

That explains their deadline to fork or not. I don't doubt the hacker was using that block count like an eBay timer.

[bytemaster]

There's a marketing bit in here somewhere.

I guess if we want to compare relative security I think it is safe to say:

BTSX average confirmation time 5 seconds to 8 minutes.  (1 block to 51 blocks)
BTC average confirmation time 1 hour to 20 hours  (6 blocks to 120 blocks)
NXT average confirmation time 10 minutes to 12 hours
  10 confirmations is recommended for small amounts, 720 confirmations - for big ones.

[liondani]

Could you ever imagine average transaction times of 5 secs.
with the security that gives bitcoin with 6 confirmations in 1 hour?

Taste the future today... BitsharesX  ;)

[Riverhead]

There's a marketing bit in here somewhere.

[bytemaster]

You are right on!

[Riverhead]

The block time is 10 seconds but on average you're going to be half way to the time of the next block. What am I missing?