How has Bitcoin's block time changed over the past year?

1 answers

• socBuilderJul 08, 2020 · 5 years ago
  Over the past year, the block time of Bitcoin has shown some fluctuations. The block time refers to the time it takes for a new block to be added to the blockchain. In the past year, the block time has varied between 8 and 12 minutes. This variation is influenced by factors such as network congestion and mining difficulty. When there are more transactions to be processed, the block time tends to increase as the network becomes busier. Conversely, when the mining difficulty decreases, the block time tends to decrease. These fluctuations in block time are normal and are part of the decentralized nature of Bitcoin. It is important to note that the block time is designed to self-adjust to maintain a consistent rate of block production, ensuring the security and efficiency of the Bitcoin network.
  802

  401