Bitcoin transfer is slow, can it be accelerated?
If you have ever made payments using Bitcoin, you may have noticed how long it takes for the network to confirm transactions. Sometimes, days can go by between the time you sent the payment and received the confirmation. BTC transfer is slow, mainly because the transfer fee is less, so you can increase the amount of miner fee on the transfer page to get faster transfer speed.
These off-chain services accept an additional fee to move your transaction up in the queue. Miners themselves often provide these services to make more money accepting transactions.However, due to Bitcoin's popularity, there are thousands of people making transactions on the network at any given time. Therefore, the network often becomes overcrowded. Also, there is a limited amount of miners that further compounds the problem. And finally, the block size for Bitcoin is also very less, allowing for a maximum of 2,200 transaction per block.
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