Block time

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Block time is the average time it takes for a new block to be added to a blockchain. It varies depending on the blockchain protocol, with Bitcoin having a block time of approximately 10 minutes, while Ethereum’s is between 10 and 20 seconds.

Block time determines how quickly transactions are confirmed and added to the ledger. A shorter block time means faster transaction processing, but it can also lead to more network forks and security trade-offs. Blockchain protocols adjust block time based on their consensus mechanisms and network conditions, a crucial balancing act for any blockchain development firm aiming to maintain efficiency and stability.

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