arrow-up

Block Time

Block time refers to the approximate time it takes for a blockchain-based system to produce a new block.

What Is Block Time?

Block time refers to the approximate time it takes for a blockchain-based system to produce a new block, dictating the speed of transaction confirmation, which is measured in transactions per second (TPS). When a block reaches completion, it appears on the ledger as a verified copy of a group of transactions, paving the way for another block to sit on top of it to extend the chain. 


Increasing the block size provides a simple and effective way to lower block time, however, there is a long-running debate on whether this strategy affects a decentralized network’s security. For instance, Greg Maxwell, a BTC contributor, holds that a higher block time is more ideal since it allows enough time to update nodes/computers connected to a distributed platform and lowers the number of rejected blocks. 


Block time may also refer to the length of time it takes a validator in a blockchain network to solve a transaction hash. While these are time estimates, the actual time depends on the mining difficulty


Block time forms part of the components necessary for improving a blockchain’s scalability. One of the factors that affect block time is network congestion, where too many users are conducting transactions on the network.


Note that Bitcoin has a block time of 10 minutes while Ethereum, the second-largest decentralized protocol, has an average block time of 15 seconds.

Featured

Block Time

Articles

No articles found for 
Block Time
Explore all articles
Join the thousands already learning crypto!

Join our free newsletter for daily crypto updates!

Email submitted!
Oops! Something went wrong while submitting the form.