In middle of 2016, the company HASHFINDERS was created in Korea with a group specialized in blockchain, cryptography and mining algorithms that, taking advantage of the growing market and bitcoin boom, develop a software and tools dedicated to accelerate Bitcoin transactions, which is an out-of-chain service that accepts an additional fee to deliberately include a particular transaction in the next Bitcoin block so you can get enough confirmations. This service is provided in collaboration with large mining pools.
In July 2017, as the bitcoin begins its rally, HASHFINDERS begins with the assembly of its own mining, taking advantage of the low costs, and by the end of the year the installation of a second farm is completed, which, in addition to mining bitcoin, in conjunction with other mining pools collaborate with the initial objective of our company, the transaction accelerator of the bitcoin network.
In February 2019, with a more mature bitcoin, developed, ad-portas of a sustained growth, and knowing what this entails, HASHFINDERS decides to embark on a new stage with the creation of a platform of “shared acceleration”, that is, to use external computational force to help the different mining pools in the retransmission and consequent acceleration of the bitcoin network.
The number of transactions in the Bitcoin network has increased steadily over the years. This means that more blocks are filling up. And since not all transactions can be included in the chain of blocks immediately, pending jobs are formed in the “mempools” of the miners (a kind of “transaction queue”).
Typically, miners choose transactions that pay higher rates and include them in their blocks first. Transactions that include lower rates are included in the so-called “tariff market” and remain on the miners’ platforms until a new block is found. If the transaction is bid again, you must wait until the next block.
This can lead to a suboptimal user experience. Transactions with a too low rate can take hours or even days to be confirmed, and sometimes they are never confirmed.
To accelerate the process, these Bitcoin users have to pay higher mining fees and / or use SegWit transactions.
HASHFINDERS’s transaction accelerator speeds up confirmation times for all Bitcoin transactions, including TX transactions with a low transaction fee. Our service helps unconfirmed transactions to be confirmed much faster by relaying them to the network.