What are the best practices for optimizing token transactions for faster confirmation times?

3 answers

• Nov 26, 2021 · 3 years ago
  One of the best practices for optimizing token transactions and reducing confirmation times is to use a higher gas price. By setting a higher gas price, miners are incentivized to prioritize your transaction and include it in the next block. However, it's important to find the right balance between a higher gas price and cost-effectiveness. Additionally, using a more efficient token contract can also help improve confirmation times. Optimizing the code and reducing unnecessary computations can speed up the transaction process.
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• Nov 26, 2021 · 3 years ago
  To optimize token transactions for faster confirmation times, it's crucial to choose the right time to submit your transaction. During periods of high network congestion, transaction fees tend to increase, and confirmation times may be longer. Monitoring the network congestion and submitting transactions during off-peak hours can help reduce confirmation times. Another practice is to ensure that your transaction includes enough gas to cover the computational requirements. Insufficient gas can lead to transaction failures or delays in confirmation.
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• Nov 26, 2021 · 3 years ago
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