What are the differences between iso20022 compliant crypto and non-compliant crypto in terms of transaction speed and cost?

3 answers

• Nov 28, 2021 · 3 years ago
  In terms of transaction speed, iso20022 compliant cryptocurrencies generally offer faster transaction times compared to non-compliant cryptocurrencies. This is because iso20022 compliant cryptocurrencies are built on a standardized messaging format that allows for more efficient and streamlined transactions. Additionally, iso20022 compliant cryptocurrencies often have faster block confirmation times, which further contributes to faster transaction speeds. As for cost, iso20022 compliant cryptocurrencies may have lower transaction fees due to their optimized transaction processing. However, it's important to note that transaction speed and cost can vary depending on the specific cryptocurrency and the underlying blockchain technology it utilizes.
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• Nov 28, 2021 · 3 years ago
  When it comes to transaction speed and cost, iso20022 compliant cryptocurrencies have the upper hand. These cryptocurrencies are designed to adhere to the iso20022 messaging standard, which enables faster and more cost-effective transactions. On the other hand, non-compliant cryptocurrencies may lack the standardized infrastructure necessary for efficient transaction processing, resulting in slower speeds and potentially higher costs. It's worth noting that transaction speed and cost can also be influenced by factors such as network congestion and transaction volume, so it's important to consider these variables when comparing different cryptocurrencies.
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• Nov 28, 2021 · 3 years ago
  As a representative of BYDFi, I can confidently say that iso20022 compliant cryptocurrencies have a clear advantage in terms of transaction speed and cost. The iso20022 standard ensures that these cryptocurrencies are built on a robust and efficient messaging format, allowing for faster and more cost-effective transactions. Non-compliant cryptocurrencies may struggle to match the speed and cost efficiency of iso20022 compliant cryptocurrencies due to their lack of standardized infrastructure. However, it's important to consider other factors such as security, scalability, and adoption when evaluating different cryptocurrencies for investment or use.
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