A new draft proposal for the Ethereum network aims to cut the time it takes for transactions to become final from approximately 15 minutes to just four minutes. This reduction in transaction time could have significant implications for the use of Ethereum in payment services.
Source
"Ethereum Aims to Reduce Transaction Time to Four Minutes" — CoinDesk
This article is Bitcoincryptos' summary and analysis of reporting originally published by CoinDesk. Read the full original report at the link above.
Lowering the time it takes for transactions to clear could free up resources for payment services to focus on other areas, such as customer support and business development.
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