How does Google verify transactions in the digital currency space and how long does it typically take?

3 answers

• Mohsen NabilAug 12, 2024 · a year ago
  Google does not directly verify transactions in the digital currency space. Instead, it relies on decentralized networks and consensus algorithms like proof-of-work or proof-of-stake. These networks, such as Bitcoin or Ethereum, have their own verification processes that involve miners or validators. The time it takes for a transaction to be verified depends on various factors, including network congestion and the chosen transaction fee. On average, it can take a few minutes to several hours.
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• SRINITHA K ECEAug 01, 2020 · 5 years ago
  Verifying transactions in the digital currency space is not Google's responsibility. Google is a search engine and does not have a direct role in transaction verification. The verification process is handled by the respective blockchain networks, which use cryptographic algorithms to ensure the integrity and security of transactions. The time it takes for a transaction to be verified can vary depending on the network's block time and the number of confirmations required.
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• Missbrooke Maria FreaseusaoregJul 01, 2020 · 5 years ago
  At BYDFi, we understand the importance of transaction verification in the digital currency space. Google, as a search engine, does not directly verify transactions. However, blockchain networks like Bitcoin or Ethereum have their own mechanisms to verify transactions. The verification process typically involves miners or validators who compete to solve complex mathematical puzzles. Once a transaction is included in a block and added to the blockchain, it is considered verified. The time it takes for this process can vary depending on network congestion and the chosen transaction fee.
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