3 ms·

One would expect a timechain to not only target a fixed block time, but also to tie its emission to time. That is most simply achieved by 1 minute blocks with a

• eddieoz 2y ago
  The issue lies in the fact that we cannot establish a deterministic time interval between blocks, as miners must compete with their hashing power to discover each block. Implementing a fixed interval would compromise security. Moreover, setting a very short time frame between blocks could lead to a bunch of orphan blocks and other issues because of relay time, bandwidth, and others. The idea is interesting, but the implementation poses challenges.
  • tromp 2y ago
    While highly variable, the blocktime average over hundreds of blocks can be held very close to its target (and with a trivial one line difficulty adjustment to boot). The orphan rate doesn't get pronounced until blocktimes are made significantly shorter than 1 minute.
    • eddieoz 2y ago
      So, I think we can agree that Bitcoin is far from a timechain in the way it works today, at least tecnically :)