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Understanding Block Time in Bitcoin: Cleaning a misconception
“Block Time” is used interchangeably with “Block Timestamp”. However, there is an important difference between the two terms. Or
The misconception: block time = blocking time stamp
At first glance, it may seem logical that the time stamp of a block represents the second on which the block was found. However, this assumption is wrong. The time stamp of the block is determined when creating and adding the block itself to the blockchain itself. The process on the blockchain, but does not correlate directly at the moment when a particular block was “found” or discovered.
The reality: block time = processing time
The mechanism of Bitcoin decentralized consensus is based on network participants (nodes) on collective force on validating new blocks. – This is the processing time
This will ensure that the block is added to the blockchain.
Why does it matter to block the time
Understanding the block time is essential to the grass of the grass of Bitcoin’s decentralized network. By realization
- Network Delay
:
- node debate :
3.
Conclusion
In Bitcoin. Instead, it represents the processing time on which a block was made and added to the blockchain by several network participants. This distinction highlights the importance of taking into account the blockage when analyzing the performance, delay and general efficiency of cryptocurrency transactions.
Networks, understanding of shades between block time and time stamp
