With the widespread increase in crypto adoption, the network can often become congested and transactions bottleneck in the Bitcoin mempool. If you’re using Bitcoin for business dealings, sometimes this just isn’t an option.
Thankfully, the tirelessly innovative crypto industry came up with a solution, several in fact. Here we’ll be covering the top 5 Bitcoin transaction accelerators in 2022, to assist you in your time sensitive crypto endeavours.
What Is A Bitcoin Transaction Accelerator?
Due to the Bitcoin network having block sizes of 1MB, when heavy traffic on the network prevails then the blocks are filled quickly and transactions can be left in the mempool for extended periods of time. Bitcoin transaction accelerators are able to fast track the transaction confirmations in exchange for a (usually) small fee.
These accelerators are an off chain service run by the miners themselves. These services allow them to increase their income by charging a fee to accelerate the transaction confirmation time. The miners then incorporate the transaction in their next block and speed up the confirmation process. The service also works for unconfirmed BTC accelerate bitcoin transaction, simply pay the fee and you will be sorted in no time.
This free Bitcoin transaction accelerator allows users to clear unconfirmed transactions and get faster transaction confirmations without needing to sign up. All you need to do is enter your transaction ID and hit the Accelerate button. This then rebroadcasts your transaction to 10 Bitcoin nodes.
Alternatively, users can submit their unconfirmed transactions every 6 hours, although be careful of abusing the platform as they can ban customers.
Also requiring no sign up, the 360 BTC Accelerator allows users to fast track the confirmation process. The platform is not run by miners, nor does it involve any mining activities, but instead the platform rebroadcasts your unconfirmed transaction to the network for a small fee in order for it to get picked up by a mining pool.
The web portals btc.com and viabtc.com, both offer transaction accelerators, and users can even pay in bitcoin cash (BCH) to speed up a transfer. The web portal pushtx.btc.com says that leading bitcoin mining pools cooperate to provide the transaction accelerator service.
Using our transaction accelerator can increase the probability of confirming a transaction within 1 hour to 75%, within 4 hours to 98%,” the website notes. The person who wants to speed up a transaction simply adds the transaction hash and the program will give an estimated fee. Btc.com, which just got acquired by a Chinese lottery firm, is the Bitcoin network’s third-largest mining pool today.
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