3 ms·
It was designed to help create a timestamp for blocks of transactions. It's doing that just fine for Bitcoin.
by yarrel 7y ago
It was designed to help create a timestamp for blocks of transactions. It's doing that just fine for Bitcoin.
- nosuchthing 7y agoThere's no way for the blockchain to validate time stamping due to fluctuation in hash power and the nature of an adversarial network with untrusted data. What's been happening is blocktimes wildly fluctuate, anywhere from 20 seconds - 90 minutes + even though the software attempts to calibrate for 10 minutes.
- jobigoud 7y agoHe just means things are unequivoqually ordered in time, so each block is a time stamp. Not necessarily running at constant frequency as our other time keeping tools.