Cryptocurrency Q&A
How long does ERC20 confirmation take?
How long does ERC20 confirmation take?
Stardust
Thu Apr 10 2025
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6
answers
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I'm wondering about the time it takes for an ERC20 transaction to be confirmed on the Ethereum network. Specifically, how long does the confirmation process usually take?
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6 answers
DondaejiDelightfulCharmingSmile
Sat Apr 12 2025
For instance, Ethereum and ERC20 tokens, which are widely used in decentralized applications and smart contracts, have a confirmation time of under one minute. This swift transaction speed makes Ethereum a popular choice for various use cases, including DeFi, gaming, and NFTs.
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StormGlider
Sat Apr 12 2025
Dogecoin, another cryptocurrency, has a slightly longer confirmation time of under six minutes. Despite this, Dogecoin has gained popularity due to its meme-inspired origins and supportive community.
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KDramaLegend
Sat Apr 12 2025
Ethereum, ERC20 tokens once again demonstrate their efficiency with a confirmation time of under one minute. This consistency in transaction speed underscores the reliability of the Ethereum network.
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MysticGlider
Sat Apr 12 2025
Cryptocurrencies and their associated blockchain protocols have varying confirmation times.
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KpopHarmonySoulMate
Sat Apr 12 2025
Cardano, a third-generation blockchain platform, also boasts a confirmation time of under one minute. Cardano's innovative Proof-of-Stake consensus mechanism contributes to its fast and secure transactions.
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