One of the main reasons for any Bitcoin transaction to get stuck is less confirmations. As we all know once a transaction is initiated, many miners would need to provide their confirmation. Only then it will be added in the Blockchain ledger as a successful transaction. Many a times if the miner fee you have provided is not as per market standards, there would not be enough miners to pick it up. And hence your transaction can get delayed from certain hours to few days. If you are in an urgency to get your transaction confirmed, you would need to use a Bitcoin Transaction Accelerator.
Bitcoin Accelerator is a unique tool for Bitcoin enthusiasts who want to accelerate the Bitcoin Transaction. It is a versatile tool that will not let you go astray. Also, it is quite inexpensive and it is easy to use. Bitcoin Accelerator is, therefore, not just a tool for technical people rather, a tool for everyone. We will go through the basic functionality and then we will go to more advanced solutions.
The Basic Function of Bitcoin Accelerator:
Bitcoin Accelerator works on the principle of creating new blocks for the already existing transactions. The idea is that once an existing transaction is found to be modified, it will be replayed on top of other transactions that happened previously. Since the performance of Bitcoin is highly dependent on the speed of the network, it will not be difficult for the other transactions to start. Hence, there will be no need to rerun the transaction.
For the purpose of further automation, there is a Bitcoin transaction that is usually sent after every 10 minutes. However, for increasing the transactions, one needs to pay some amount of fees. The Bitcoin Accelerator acts as a middle man for those who want to get an extra performance boost in their transactions. All you need to do is select a transaction and then press on “calculate”.
Once you press on “submit”, it will start calculating the total number of fees that will be deducted from your Bitcoin wallet. It will reveal a total number of fees and when you select the transaction that you want to speed up, it will immediately start adding the fees to your Bitcoin wallet. It will also let you know the amount that the fees will be divided among the participants in your transaction. All you need to do is add the fee and press on “calculate” once more.
And voila! That is it. It is all set for you to start the transactions immediately. You will be required to add the fees and start the transaction once the final amount is computed. In some cases, the Bitcoin network also needs to be sped up. This is where Bitcoin Accelerator comes into play.
The Advanced Function of Bitcoin Accelerator:
The advanced feature of Bitcoin Accelerator is that it will calculate an alternative transaction for the already existing transactions. It will keep the execution of the original transaction after adding the fees. The new transaction will act as a proxy for the original transaction. Hence, you can speed up all of your transactions in one go. However, it will be impossible for someone to tamper with the original transactions.
Do note that you will have to input your password for this feature. This is because the default password is “my”. And this will only be useful if you really want to speed up your transaction. The functionality is not limited to speed up, rather, it can be used for every kind of transaction including moving money between addresses, raising or lowering the amount of the fees, etc.
The Bitcoin Accelerator comes with lots of customizations. In order to start the transaction, you need to manually enter the address from which you want to send Bitcoin. It will then calculate the fee and the transactions will be loaded automatically. Once your transaction is complete, it will clear the screen and you will get back to the main menu.
Conclusion:
It is a great service that Bitcoin Accelerator is providing. One can get multiple options for their transaction without even having to worry about re-running the transactions.
And since Bitcoin Accelerator is free to download, it does not take much time to make use of this software. So, for those who are interested in speeding up their transaction, then we suggest you to take a closer look at this Website.
What is “Transaction ID”
Transaction ID, also known as Transaction Hash, is the ID of a Bitcoin Transaction made up of a unique and inalterable string of characters generated from the information of any given transaction, including the size, time, type, creator, machine and so on. You can find your Transaction ID with a format like “073957ae2439ef7eeb8e962460386244f5339098d69cbc534c677716a7ed0528” by searching the Bitcoin address for your transaction a transaction explorer.
