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content - InstantSend
- Clarify confirmation meaning - Update fee info
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@ -47,15 +47,21 @@ enable secure, instantaneous transactions.
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Once a sufficient number of votes approve the transaction lock, the InstantSend
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Once a sufficient number of votes approve the transaction lock, the InstantSend
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transaction is approved and shows 5 confirmations (`DEFAULT_INSTANTSEND_DEPTH`).
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transaction is approved and shows 5 confirmations (`DEFAULT_INSTANTSEND_DEPTH`).
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NOTE: The 5 "psuedo-confirmations" are shown to convey confidence that the
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transaction is secure from double-spending and DO NOT indicate the transaction
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has already been confirmed to a block depth of 5 in the blockchain.
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If an InstantSend transaction is a valid transaction but does not receive a
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If an InstantSend transaction is a valid transaction but does not receive a
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transaction lock, it reverts to being a standard transaction.
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transaction lock, it reverts to being a standard transaction.
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There are a number of limitations on InstantSend transactions:
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There are a number of limitations on InstantSend transactions:
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* To be used in an InstantSend transaction, an input must have 6+ confirmations (`INSTANTSEND_CONFIRMATIONS_REQUIRED`)
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* To be used in an InstantSend transaction, an input must have 6+ confirmations (a block depth of 6+) (`INSTANTSEND_CONFIRMATIONS_REQUIRED`)
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* The lock request will timeout 15 seconds after the first vote is seen (`INSTANTSEND_LOCK_TIMEOUT_SECONDS`)
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* The lock request will timeout 15 seconds after the first vote is seen (`INSTANTSEND_LOCK_TIMEOUT_SECONDS`)
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* The lock request will fail if it has not been locked after 60 seconds (`INSTANTSEND_FAILED_TIMEOUT_SECONDS`)
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* The lock request will fail if it has not been locked after 60 seconds (`INSTANTSEND_FAILED_TIMEOUT_SECONDS`)
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* A minimum fee (0.001 Dash) is required since the transaction involves the masternodes in addition to miners. Activation of [DIP-0001](https://github.com/dashpay/dips/blob/master/dip-0001.md) will reduce the fee by an order of magnitude (to 0.0001 Dash).
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* A minimum fee (0.0001 Dash) is required since the transaction involves the masternodes in addition to miners. This fee was most
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recently decreased by [DIP-0001](https://github.com/dashpay/dips/blob/master/dip-0001.md).
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{% endautocrossref %}
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{% endautocrossref %}
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