3 ms·
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 ea
by 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 agoWhile 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 agoSo, I think we can agree that Bitcoin is far from a timechain in the way it works today, at least tecnically :)