What is a Bitcoin Accelerator?
If you’ve ever wondered why your Bitcoin transactions take so much time, there may be underlining issues or, it could even be that you lack an update. You could learn how a Bitcoin accelerator speeds things up, and possibly more if you read on.
Imagine that you’ve been waiting for a Bitcoin transaction to confirm, and it’s taking an eternity. You check your wallet, recheck the transaction, and even refresh the page two or three times-but still no confirmation.
This is when a Bitcoin accelerator comes in handy, so, if you are still puzzled as to what a Bitcoin accelerator is, consider it a digital tool designed to help push your stuck or a slow transaction faster through the blockchain.
In simple words, the Bitcoin accelerator is every kind of service or tool that helps speed up the confirmation process of those Bitcoin transactions that get backlog due to network congestion.
When there are too many transactions due to an overload, some of them may stick inside and take hours, sometimes days, without getting confirmed. Accelerators help in prioritizing such transactions so that they get confirmation faster by miners.
How does a Bitcoin Accelerator work?
Every Bitcoin transaction needs to be confirmed by miners who add the transaction to the blockchain. In the instances when lots of transactions line up to be processed, that’s when the network clogs.
Miners prefer to process those transactions with higher fees; therefore, low-fee transactions take quite a time to be confirmed. There are two primary ways this might happen:
1. Rebroadcasting the Transaction
The less creative accelerators simply rebroadcast your unconfirmed transaction to a bunch of mining pools. This increases the visibility of your transaction, hence increasing the chances of it being picked up and confirmed by any miner.
2. Incorporating the Transaction into Mining Pools
Other accelerators actually collaborate with mining pools, whereby they can speed up your transaction by ensuring it is included within the next block of transactions that the mining pool processes.
Sometimes, this service can require an extra fee; other accelerators offer this service completely free of charge.
Bitcoin accelerators do not promise immediate confirmation but make the chances of your transaction being quicker than it naturally would have been highly likely.
How to Get a Bitcoin Accelerator
If you’ve sent a Bitcoin transaction and it’s stuck in limbo, you can make use of a Bitcoin accelerator. Here’s a straightforward step-by-step guide to how you can get and make use of a Bitcoin accelerator:
1. Find a Trustable Bitcoin Accelerator Service
There are several online Bitcoin accelerator services, including some free ones. Among the popular services are:
- ViaBTC: It is one of the most used Bitcoin accelerators, and is available in free and paid versions. It allows you to submit a transaction to their mining pool for faster confirmation.
- BTC.com: This is another popular service that offers free Bitcoin accelerator, enabling you to submit unconfirmed transactions for rebroadcast.
2. Submit Your Transaction ID
Once you have chosen an accelerator, you would need to provide the transaction ID (TXID) for your unconfirmed Bitcoin transaction. This is an identifier for your transaction, and you can find it in your Bitcoin wallet or by reviewing the transaction history.
3. Wait for Confirmation
Once you have submitted the transaction ID to the Bitcoin accelerator, this service will try to give priority to it on the blockchain.
You are expected to wait for confirmation from miners, and the waiting time depends on how congested the network is, hence varies, which might be due to which exact accelerator service you use.
Lastly, some offer faster processing in return for a small fee; you pay extra to skip the queue by using their prioritized access. Thanks to that, you can accelerate your transaction if you are in a hurry.
What is the Best Bitcoin Accelerator?
The best Bitcoin accelerator mainly depends on what one wants: to get a free service or a paid service to accelerate faster. Here are some of the most popular Bitcoin accelerators:
1. ViaBTC Accelerator
This is among the most acknowledged services used as a Bitcoin accelerator, with a free tier allowing users to submit up to 100 transactions per hour.
2. BTC.comAccelerator
Being another trustworthy option of free and paid service, they offer rebroadcast of one’s transaction to different mining pools for its acceleration. BTC.com is great in its ease of use and swiftness of action.
With BTC.com Accelerator, provided your transaction has a fee of at least 0.0001 BTC/KB, you can use their free service but will have to hurry since they allow only a limited number of free accelerations each hour.
3. ConfirmTX
This is a paid Bitcoin accelerator specializing in speedy escalation of peculiarly slow or stuck transactions that may be due to very low transaction fees. They boast of being able to confirm most transactions within 12 to 72 hours.
4. BitAccelerate
BitAccelerate is a free Bitcoin accelerator that rebroadcasts unconfirmed transactions on a lot of Bitcoin nodes.
This is a free service, although success rates may depend on network congestion and the size of the transaction.
Each has its plus points and weaknesses, but which one is best for you depends on whether you’re looking for a free option, how urgently you need your transaction confirmed, and whether you are willing to pay for faster service.
What is the function of a Bitcoin Accelerator?
Bitcoin accelerators’ idea originally appeared because of the need to solve problems with **slow or stuck transactions** on the Bitcoin network. Their main features of work are as follows:
1. Speeding Up Transaction Confirmations
The Bitcoin accelerator basically works to hasten verification time in terms of transactions over the Bitcoin network.
When the network is congested, it takes hours or even days to confirm such transactions with lower fees. It gives them a boost by either rebroadcasting or by prioritizing such transactions in mining pools.
2. Reducing Congestion within a Network
As soon as more people begin to use these accelerators to push through their transactions, even some of the congestion within the Bitcoin network becomes nullified.
This way, they help speed up individual transactions inside the blockchain and, therefore, contribute to the flow of those transactions.
3. Enabling Low-Fee Transactions
Bitcoin accelerators allow those low-fee transactions to be confirmed relatively fast, normally, the miners would prefer to include in the blocks only those transactions that have attached higher fees.
This means that very low-fee transactions may be left waiting for much longer periods of time. Accelerators offer such low-fee transactions a better chance at getting confirmed.
The delayed transactions are a real pain for those users whose transactions need confirmation as soon as possible. Bitcoin accelerators increase the user experience by trying to resolve delays and thus making smoother and quicker transactions.
Wrapping Up
The underlying basis of a Bitcoin accelerator is very crucial for anyone dealing in slow or stuck Bitcoin transactions. While you’re waiting for your transaction to confirm due to network congestion or simply because you’ve set a lower fee, accelerators offer a solution that can speed up the process.
Through either rebroadcasting a user’s transaction or giving it priority in mining pools, these accelerators help ensure that your Bitcoin will go where it needs to faster in different types right from free services like ViaBTC and BTC.com to paid services like ConfirmTX.
Depending on how urgent your transaction is, you might opt for an accelerator that will suit your needs and get your bitcoin transactions to go through without having to wait that long.
In the world of cryptocurrency, time is money-and a Bitcoin accelerator is your key to keeping up. Whether one makes a large purchase of Bitcoin, transfers funds between wallets, or even just tries experimenting with blockchain transactions, an accelerator saves time, reduces frustration, and helps clear the path for your transaction to go through.
That means that with increased adoption of Bitcoin and a growing network, the role of Bitcoin accelerators will be increasingly important. The next time your transaction is stuck in blockchain traffic jam, remember that you can accelerate it with a few clicks!
