What Is Block Time?
Block time refers to the approximate duration for a blockchain-based system to generate a new block, thereby determining the transaction confirmation speed, often measured in transactions per second (TPS).
When a block is completed, it becomes a verified record of a group of trades and serves as the foundation for the subsequent block in the chain.
Block Size, Block Time, and Network Security
Increasing the block size is a straightforward approach to reducing block time.
However, there has been an ongoing debate regarding the impact of this strategy on the security of a decentralized network.
Some argue that a longer block time allows sufficient time for nodes and computers connected to the distributed platform to update, minimizing the number of rejected blocks.
Block time can also refer to the time it takes for a validator in a blockchain network to solve a transaction hash.
While block time is estimated, the actual duration depends on the network’s mining difficulty.
Block time is a crucial component in enhancing the scalability of a blockchain.
Network congestion, which occurs when many users are conducting transactions simultaneously, is one of the factors that can affect block time.