The ViaBTC team shares a simple instruction for those interested in using the transaction accelerator provided by the company for those interested.
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The growing popularity of Bitcoin has caused significant congestion on the network, which can lead to delays in confirming transactions. Being a payment system, speed is crucial, ensuring transactions are confirmed quickly is essential. This is why there are times when it is necessary to speed up Bitcoin transactions.
For this there are so-called transaction accelerators, which provide some mining pools such as ViaBTC. His transaction accelerator was specifically designed to help users avoid delays in Bitcoin transactions and achieve faster confirmation of their transaction.
Perhaps all this sounds quite complex, any user can speed up their Bitcoin transaction with just 3 steps, which we will explain later.
What is ViaBTC?
ViaBTC It’s one of the leading cryptocurrency pool of the industry, which plays a fundamental role in processing Bitcoin transactions. Founded in 2016, this pool has gained recognition for its efficiency and reliability in its products. In addition, it offers more resources than traditional pools. Let’s look at some examples:
Popular ViaBTC Tools In addition to the transaction acceleratorViaBTC offers a variety of tools designed to improve the miner experience within its platform:
- Mining Pool: It allows users to participate in mining various cryptocurrencies and make stable profits.
- Coinex Wallet: A secure and easy-to-use multi-cryptocurrency wallet.
- Cryptocurrency loans
- Coverage service
Transaction Accelerator Let’s go into detail with the transaction accelerator, This is a distinctive tool that helps users overcome congestion on the Bitcoin network. This tool allows you to submit a request to expedite a specific transaction, increasing the likelihood that it will be confirmed quickly.
A look at the simplicity of the tool to speed up transactions. Source: ViaBTC Unlike other solutions on the market, the ViaBTC transaction accelerator It relies on strategic partnerships with other major mining pools, which significantly improves the chances of rapid confirmation.
Steps to speed up a Bitcoin transaction with ViaBTC
Keep in mind that the following steps are carried out after a transaction in Bitcoin is sent.
Step 1: Get the transaction ID
If you want to use the ViaBTC tool to speed up a Bitcoin transactionthe first step is to obtain the transaction ID. This unique identifier, also known as TxIDis essential to locate the specific transaction on the blockchain.
How to find the transaction ID?
- Most Bitcoin wallets display the transaction ID in the details of each transaction.
- Search your transaction history and select the transaction you want to expedite. The TxID usually appears as a long alphanumeric string.
- In a block explorer:
- If you can’t find the ID in your wallet, you can use a block explorer like Blockchain.com either Blockchair.
- Enter your Bitcoin address in the browser search bar. A list of all transactions associated with that address will appear.
- Locate the transaction you want to expedite and copy the corresponding TxID.
Example of what your TxID looks like in a block explorer. Source: Mempool.space
- ID confirmation:
- Make sure you copy the TxID correctly. An error in this step may result in attempting to expedite an incorrect transaction.
- You can check if you have copied the ID correctly by pasting it again into a block explorer to confirm that it corresponds to the desired transaction.
Step 2: Submit the request to speed up the Bitcoin transaction
For speed up a Bitcoin transaction Using the ViaBTC tool, follow these detailed steps:
- Access the ViaBTC acceleration tool:
- Visit the official ViaBTC website and navigate to the Transaction Accelerator.
- Make sure you have your transaction ID by hand.
- Enter the transaction ID:
- Copy and paste the ID into the appropriate field.
- Verify that you have entered the correct ID to avoid errors.
- Select the desired option:
- Free option: ViaBTC offers a free option limited to a specific number of transactions per hour. This option can be useful if you are not in an extreme hurry, but keep in mind that it is subject to availability.
- Paid option: For faster and more secure confirmation, you can opt for the paid service. Here, specific fees will be deducted based on urgency and current network congestion.
Window when paid acceleration is chosen. Source: ViaBTC
- Submit the request:
- Click the button to submit your request.
- Wait for ViaBTC to process your request. You will receive a notification once it is accepted.
Free options may take longer due to their limited nature, while paid options usually ensure a higher priority in the acceleration process.
Step 3: Confirm acceleration
Once you submit the request, the next step is to confirm that the transaction has been successfully expedited. The estimated time for a transaction to be confirmed after accelerating the Bitcoin transaction with the ViaBTC tool varies, but is generally expected to be included in the next mined block. According to pool policies, this confirmation may take between 10 to 20 minutes, depending on current network congestion.
Is it worth speeding up Bitcoin transactions?
Using the tool to accelerate Bitcoin transactions with ViaBTC offers numerous benefits for users who are looking for transaction optimization and are in great need of having their transaction confirmed. The ease of use and efficiency in the process allow users to:
- Significantly reduce waiting times for confirmation of your transactions.
- Avoid network congestion which can delay transactions.
- Increase the probability of quick confirmation thanks to strategic partnerships with mining pools.
Trying this tool can transform your Bitcoin experience, allowing you to maximize efficiency in your daily operations. If you are a user, who cannot wait for your transaction to be confirmed, accelerating the transaction with ViaBTC may be your best option.
Press release
Disclaimer: This is a press release produced by the ViaBTC team. DailyBitcoin was not involved in its production and does not endorse or promote the commercial offers and/or promotions cited throughout the text.
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