Block time

Block time

The block time is the average time it takes for the network to generate one extra block in the blockchain. Some blockchains create a new block as frequently as every five seconds. By the time of block completion, the included data becomes verifiable. In cryptocurrency, this is practically when the transaction takes place, so a shorter block time means faster transactions. The block time for Ethereum is set to between 14 and 15 seconds, while for bitcoin it is on average 10 minutes.

 

• 1History
• 2Structure
  • 2.1Blocks - Block Time - Hard Forks
  • 2.2Decentralization
  • 2.3Openness - Permissionless -  Permissioned (private) blockchain - Disadvantanges of Private Blockchain -BlockChain Analysis
• 3Uses
  • 3.1Cryptocurrencies
  • 3.2Smart contracts
  • 3.3Financial services
  • 3.4Video games
  • 3.5Energy trading
  • 3.6Supply chain
  • 3.7Domain Names
  • 3.8Other uses
• 4Types
  • 4.1Public blockchains
  • 4.2Private blockchains
  • 4.3Hybrid blockchains
  • 4.4Sidechains
• 5Academic research
  • 5.1Adoption decision
  • 5.2Collaboration
  • 5.3Blockchain and internal audit
  • 5.4Energy use of proof-of-work blockchains
  • 5.5Journals