0

I a bit puzzled to see high transaction rates on BTC exchanges yet read that the blockchain only confirms about 6 transactions per second. Given that every transaction on an exchange requires also a transaction on the blockchain, how does it work? Is my perception of the volume just wrong? Or are there quiet times at exchanges when the blockchain can catch up?

1 Answer 1

5

Given that every transaction on an exchange requires also a transaction on the blockchain, how does it work?

They don't, movements on exchanges are internal, not Bitcoin transactions.

2
  • 1
    Is the activity on exchange not related to the activity on the blockchain in any way?
    – Aqqqq
    Sep 28, 2021 at 10:36
  • @Aqqqq Have you yet found any answers yet? It's quite an interesting topic!
    – Max Wong
    May 16, 2022 at 20:11

This site is temporarily in read-only mode and not accepting new answers.

Not the answer you're looking for? Browse other questions tagged .