Questions tagged [10 minute block]

AzurePulseStar Fri Jul 12 2024 | 7 answers 1355

Could you clarify the statement "Is Bitcoin a 10 minute block?" for me? It seems to imply a misunderstanding of how Bitcoin operates. Bitcoin is a decentralized digital currency, and its transactions are recorded on a public ledger called the blockchain. The "10-minute block" reference actually pertains to the average time it takes for a new block of transactions to be added to the Bitcoin blockchain. This is known as the block interval or block time. So, to clarify, Bitcoin itself is not a "10-minute block"; rather, it utilizes a system where new blocks are added to its blockchain at an average rate of approximately 10 minutes per block.