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Samecoin.com. Analyze what settlement times and transaction speeds mean in the stablecoin market and compare with SamecoinUSD's values.<br><br>An ecosystem. A real one. Join Samecoin.com.
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Comparing settlement times and transaction speeds of stablecoins samecoin.com
Essentially, cryptocurrencies were designed to act as digital currencies and were intended to replace transactions traditionally made with fiat money. Various stablecoins in the current market differ by a significant margin in their transaction speeds and settlement times. samecoin.com
What is settlement time in crypto? Settlement time in crypto is the amount of time it takes to verify a transaction made with traditional payment networks such as Visa and Mastercard taking from 24 hours to three days for debit and credit cards. With blockchain, after a transaction has been verified, it becomes impossible to alter it, reducing the possibility of a chargeback. samecoin.com
What is transaction speed in crypto? Different blockchains can handle different amounts of transactions per second but the Bitcoin network could only handle about 4.6 transactions per second, with confirmations/settlements lasting up to 30 - 60 minutes. Those depending on the Ethereum network may take 5-15 mins to settle, and it can be longer when there is congestion. samecoin.com
How various stablecoins perform There is massive potential for growth and improvement - certainly in the stablecoins market. Tether (USDT) is the largest stablecoin by market capitalization, followed closely by other USD-backed stablecoins such as USDC, Paxos Standard (PAX), and Binance USD (BUSD). samecoin.com
How SameUSD performs SameUSD (SUSD) is one of the many stablecoins developed by the Samecoin protocol. The stablecoin can be used comfortably through SamePay, a crypto exchange, and payment platform under the Samecoin ecosystem. When using SameUSD within SamePay, users enjoy significantly reduced transaction fees, industry-leading near-instant transaction speeds and settlement times. The entire Samecoin ecosystem is designed to facilitate more convenient online payments. For this reason, SameUSD and other stablecoins from Samecoin record incredibly fast transaction speed unmatched anywhere else in the current market.. samecoin.com
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