I have read the technical documentation on the Ouroborus protocol. It is my understanding that blocks will be generated every 120 seconds “slots”. Does this mean that a transaction may take up to 120 seconds to complete?
That doesn’t sound right, certain dapp use-cases require near-real-time transactions. I see Ripple is 3.5s. I also see people on reddit saying Cardano is a couple of seconds. But I can’t see how it can be if blocks are generated every 120 seconds. Am I misunderstanding something? Sorry, bit of a noob.