Chinese bitcoin firm BTCC has announced a new blockchain use that prioritises bitcoin transaction confirmations for BTCC business called BlockPriority.
BTCC, headed adult by Bobby Lee, began life as BTCChina in 2011 creation it a longest-running and one of a largest bitcoin exchanges worldwide. It has given diversified into roughly each shred of bitcoin ecosystem – mining, remuneration processing, consumer wallets, and blockchain engraving.
The association pronounced in a matter that BlockPriority provides expedited confirmations of bitcoin exchange sent by BTCC’s services even when a bitcoin network is underneath highlight or undergoing spam attacks.
Samson Mow, BTCC’s arch handling officer, said: “BlockPriority is a singular and innovative use accessible exclusively to BTCC users. It’s also a means of mitigating intensity impact to a business from a miss of swell on blocksize increases.”
The use works by submitting bitcoin exchange sent to or from any BTCC wallet residence directly to BTCC’s mining pool for fast confirmation. BTCC’s mining pool accounts for approximately 13% of a tellurian bitcoin network’s hashing power.
BlockPriority prioritises all BTCC’s customers’ transactions, including those who compensate 0 transaction fees. Customers who compensate reduce transaction fees on other exchanges or wallet services might have to wait before a bitcoin network confirms their transactions,