Ethereum Block Time: Understanding the Mechanics Behind Transaction Speeds
.jpg)
Darcy
How to ask about Ethereum block time in English?
2023-05-29 07:09
Answer list:：
.jpg)
Armed
Release time 2023 05 29
.jpg)
Simone
Ethereum block time refers to the amount of time it takes for a new block to be added to the Ethereum blockchain. It is calculated as the average time taken to mine a new block by Ethereum miners. The current Ethereum block time is around 14-15 seconds. This short block time allows for faster confirmation of transactions and helps to reduce the risk of double-spending. However, it also means that miners have less time to verify transactions before adding them to a block, which can lead to a higher rate of orphaned blocks. Overall, the block time is an important metric that affects the security, efficiency, and usability of the Ethereum network.
Release time 2023 05 29