Questions tagged [transaction confirmation times]

AzurePulseStar Sat Sep 07 2024 | 5 answers 1474

I'm curious to know if the process of Bitcoin halving has any impact on the time it takes for transactions to be confirmed on the blockchain. With each halving event, the reward for miners is reduced by half, potentially affecting their incentives and the overall network hash rate. Could this lead to slower transaction processing times, or does the system have built-in mechanisms to maintain efficiency despite these changes? It would be great to get some insight into how the halving process might affect the user experience and transaction speeds on the bitcoin network.