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by jzl
3263 days ago
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But even assuming cooperation how does a decentralized system settle on agreement about the next block with so many miners potentially in contention? What is the average time interval between block discovery? LET ME GOOGLE THAT FOR ME: Ok, this chart shows that the average time is around 8 minutes. I guess that makes sense as being enough time for the info to quickly spread amongst all nodes that a block was mined. https://data.bitcoinity.org/bitcoin/block_time/5y?f=m10&t=l |
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