While I appreciate that a paper wallet is perhaps mostly used for long term storage, I’m intrigued to know why it can take many hours to import from a paper wallet to the web or mobile wallet.
I’ve had to do this 3 times in the last 24 hours and it seems amazing it says on the screen that it can take up to 7 hours. And I can testify to that! My current import is still going after almost 7 hours.
I saw a previous message about this saying that it’s because the data has to be written to the blockchain. Well yes! Is this how long ETN transactions take behind the scenes and the instant transfer mechanism hides this and makes ETN suitable as a payments system? I saw another message saying that transfer from a CLI wallet is 10 minutes so again, why is a paper wallet so slow.