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The Code For Bitcoin Targets Finding A New Block Once Every 10 Minutes
The Code For Bitcoin Targets Finding A New Block Once Every 10 Minutes latest news, images, analysis about Bitcoin "mining" serves a crucial function to validate and confirm new transactions to the blockchain and to prevent double-spending by bad actors. It is also the way that new bitcoins are introduced into the system. Based on a … See more
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FAQs for The Code For Bitcoin Targets Finding A New Block Once Every 10 Minutes
10 minute blocks is simply a compromise.
Shorter block time:
PRO - Faster 1 confirmation time (to protect from 0-confirm double spend).
PRO - Le...
I found that part of the wiki frustrating too, and I just edited it. I'd appreciate corrections. Here's what I wrote:
Ten minutes was specifically...
As Bitcoins are the first cryptocurrency to use block generation and so forth, one can assume 10 minutes was a arbitrarily chosen. Any value that w...
Block time was determined by Satoshi Nakamoto as a tradeoff between 2 factors.
1.Network latency:
After a block is mined, it takes some time for...
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