Cryptocurrency Q&A
What is the timelock of Bitcoin?
What is the timelock of Bitcoin?
HanRiverVisionaryWave
Thu Dec 19 2024
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7
answers
1249
I've heard about a feature in Bitcoin called 'timelock'. Could someone explain what it is and how it works? I'm particularly interested in its practical applications and how it enhances the functionality of Bitcoin as a digital currency.
7 answers
Bianca
Sat Dec 21 2024
Block time is a crucial concept in the realm of blockchain technology.
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EmeraldPulse
Fri Dec 20 2024
For Bitcoin, the expected block time is set at 10 minutes.
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amelia_miller_designer
Fri Dec 20 2024
It refers to the amount of time required to mine a new block in the blockchain network.
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Andrea
Fri Dec 20 2024
This means that miners are expected to mine a new block every 10 minutes on average.
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SsamziegangSerenadeMelodyHarmony
Fri Dec 20 2024
In both the Bitcoin and Ethereum blockchains, there is an expected block time.
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