Glossary · Blockchain basics
Published 27 Apr 2025 · Updated 21 Oct 2026 · 12 min read
Block time is the average interval between consecutive blocks on a blockchain. Bitcoin targets ten minutes through proof of work, with random gaps. Scheduled chains follow fixed intervals, with Ethereum at 12 seconds and Solana at 200 milliseconds since October 2026. Finality is a separate, later step that protects blocks against reversal.
A target is a protocol's intended interval. A measured average describes the blocks that actually appeared during a stated period. Scheduled slots can remain empty. A block exists only when one is produced. Network rules therefore need different readings, even when explorers present every value in seconds. A published average also depends on the measurement window and timestamp source.
Bitcoin targets 600 seconds. Its mining difficulty changes every 2,016 blocks to keep the long-run average near that target. Before 15 September 2022, Ethereum's proof-of-work target was about 13.3 seconds per block.
Since the Merge on 15 September 2022, Ethereum has 12-second slots, with 32 per epoch. An offline proposer can leave one empty.
Byzantine fault-tolerant rounds use named producers and votes. Solana assigns four consecutive slots per leader, BNB Smart Chain uses turns and Monad votes for finalization.
OP Mainnet and Base have 2-second blocks. Base streams ten 200-millisecond Flashblocks as preconfirmations. Arbitrum's sequencer produces blocks only when transactions need sequencing, at most every 250 milliseconds.
Not every distributed ledger has a single shared chain. The Canton Network explainer describes ordering within each synchronizer. Its sequencer orders transactions for that synchronizer, and nodes store only their parties' data. Without one global chain replicated by every node, Canton has no network-wide block time.
Inclusion puts a transaction into a block. Transaction confirmations count that block and each one above it, while finality describes protection against reversal. The three proof-of-work markers use six blocks deep for comparison, not a shared deposit rule. Their assurance remains probabilistic. Targets and measured averages appear separately, since an observed interval is not a guaranteed schedule. The "Final" label indicates that a network has passed its marker.
Across several minutes, more networks pass their markers. Bitcoin reaches six blocks deep in about an hour.
Targets follow network documentation. Page team averages date to 21 October 2026. Proof-of-work markers show six blocks deep.
| Network | Block or slot time | Finality | How it is set |
|---|---|---|---|
| Bitcoin | Block or slot time600 s target, 596.2 s measured from 4 June to 21 October 2026 | FinalitySix blocks, about an hour, probabilistic assurance | How it is setDifficulty retarget every 2,016 blocks |
| Litecoin | Block or slot time150 s target, 148.3 s measured over 5,760 blocks to 21 October 2026 | FinalitySix blocks, about 15 minutes, probabilistic assurance | How it is setDifficulty retarget every 2,016 blocks, about 3.5 days |
| Dogecoin | Block or slot time60 s target, 63.3 s measured over 24 hours on 21 October 2026 | FinalitySix blocks, about six minutes, probabilistic assurance | How it is setDigiShield difficulty adjustment after every block |
| Ethereum | Block or slot time12 s slots, 12.035 s measured over 7,200 blocks to 21 October 2026 | FinalityTwo to three epochs, about 13 to 19 minutes | How it is setFixed 12 s slots, 32 slots per epoch |
| BNB Smart Chain | Block or slot time0.45 s since 14 January 2026, 0.4502 s measured on 21 October 2026 | FinalityAbout 1.125 s to finality, BEP-619 estimate | How it is set16 consecutive blocks per validator turn since June 2025 |
| Polygon PoS | Block or slot time1.5 s measured over 20,000 blocks on 21 October 2026 | FinalityDeterministic finality in 2 to 5 seconds with Heimdall v2 | How it is setOne producer per span, from a small eligible set |
| OP Mainnet | Block or slot time2 s blocks, per the Optimism docs | FinalitySafe after a few minutes, finalized after about 15 to 30 minutes | How it is setThe sequencer builds a block every two seconds |
| Monad | Block or slot time300 ms blocks since MIP-12 on 23 July 2026 | Finality600 ms finality since 23 July 2026 | How it is setMonadBFT vote pace, cut to 300 ms by MIP-12 |
| Solana | Block or slot time200 ms target, 212 ms per slot measured over one hour on 21 October 2026 | FinalityAbout 150 ms target with Alpenglow, live since 21 October 2026 | How it is setStake-weighted leader schedule, four consecutive slots per producer |
Mining is a random search, not a countdown. With constant hashrate, Bitcoin's gaps follow an exponential distribution around a 10-minute mean. The model puts 36.8% beyond 10 minutes, 13.5% beyond 20 and 5.0% beyond 30. Only 0.25% exceed an hour, while 9.5% finish within a minute. The median is 6.9 minutes. Starting at a random moment still gives a 10-minute average wait, because long gaps occupy more of the clock.
Across 20,160 blocks from 4 June to 21 October 2026, the median gap was 7.0 minutes. Of those gaps, 36.8% lasted at least 10 minutes, and 61 lasted an hour or more. The longest reached 112 minutes. Results fit a memoryless process, with past waiting not making the next block due. Miners set timestamps, and 585 blocks were stamped earlier than their parents. Each timestamp must exceed the median of the previous 11 blocks, not necessarily the parent's time.
The 140-day histogram follows the exponential curve, with many short gaps and a long tail.
Data cover 20,160 blocks from 4 June to 21 October 2026, sourced from mempool.space. Miners set timestamps.
Every 2,016 blocks, Bitcoin compares elapsed time with 1,209,600 seconds, or two weeks. It scales difficulty to bring the average back toward ten minutes. Each adjustment is capped at four times up or down. The code measures 2,015 intervals instead of 2,016, an off-by-one that enables the timewarp attack. In October 2026, BIP-54 proposes timestamp rules to close this gap, but has no activation date. The 20 complete periods that began in 2026 average 602.5 seconds.
When hashrate falls, blocks slow until difficulty falls. The opening June 2021 period illustrates a historical slowdown.
Historical periods come from mempool.space on 21 October 2026. The simulator uses a simplified model.
The period starting at block 971,712 on 16 October 2026 averages 9.4 minutes through 21 October 2026. The next retarget, at block 973,728, is estimated around 29 October 2026, with difficulty rising about 6%. Bitcoin halvings occur every 210,000 blocks. Block 840,000 arrived on 20 April 2024. The 21 October 2026 estimate puts block 1,050,000 in spring 2028.
Intervals change for different reasons. A mining adjustment reacts to completed work, while an upgrade can change the production schedule itself. These examples separate automatic corrections from deliberate protocol changes, including changes to how quickly blocks become irreversible.
Ethereum's difficulty bomb raised mining requirements on a schedule. Around Byzantium on 16 October 2017, 10,000-block samples averaged 29.70 seconds before the upgrade and 15.41 seconds afterward. Delays in February 2019, January 2020 and June 2022 repeated that pattern.
After China's mining ban, the period beginning 13 June 2021 averaged 13.9 minutes per block. The 3 July 2021 retarget at block 689,472 cut difficulty by 27.94%, the largest downward adjustment on record.
Ethereum replaced proof of work with proof of stake through the Merge on 15 September 2022. The final 10,000 mining blocks averaged 14.51 seconds, compared with 12.19 seconds for the first 10,000 under the new schedule.
Granite on 19 November 2025 replaced Avalanche C-Chain's old 2-second target with a dynamic minimum delay set by validators. Blocks average 0.90 seconds over 20,000 blocks on 21 October 2026.
Fermi on 14 January 2026 set a 0.45-second interval. It followed Lorentz's 1.5 seconds on 29 April 2025 and Maxwell's 0.75 seconds on 30 June 2025. The sequence began with a 3-second interval.
The 23 July 2026 MIP-12 upgrade cut the interval from 400 to 300 milliseconds. Finalization now takes 600 milliseconds rather than 800.
Solana reached 200-millisecond slots on 9 October 2026, the last of four reductions. On 21 October 2026 Alpenglow replaced TowerBFT, targeting finality of about 150 milliseconds. This is an expectation, not a constant delay.
Faster cadence leaves less room for information to travel. The engineering question is how production, propagation and voting fit within the available interval. Capacity is a separate parameter, so a lower waiting time does not establish a higher transaction rate.
Stale block risk is roughly t/(T+t), using transit time t and interval T. Bitcoin's measured fork rate in 2012 was 1.69%. Ethereum's first 280,000 blocks in 2015 had a 7.41% uncle block rate.
Fast chains name producers ahead and finalize through votes. BEP-619 warns that reducing intervals also reduces the time available for vote propagation.
Ethereum proposers can delay publication to earn more MEV within their allotted slot. Researchers warn of missed slots, reorgs and incorrect attestations.
BNB Smart Chain's 2025 cuts shortened the interval more than they lowered gas limits, so capacity per second rose. Solana's SIMD-0525 halved slot time but scaled per-slot limits down, keeping throughput about the same.
Ethereum's block.timestamp follows genesis time plus 12 seconds per slot. block.number counts produced blocks, so it falls behind the slot count after missed slots. Neither timestamps nor blockhash provide dependable randomness. Compound's Governor Bravo assumes 15-second blocks for its 5,760-block minimum voting period. At 12 seconds, that becomes 19.2 hours rather than 24. A block-based governance window can therefore drift after a network upgrade. OpenZeppelin supports timestamp clocks through ERC-6372 from version 4.9, avoiding dependence on changing block intervals.
Arbitrum's block.number returns the block of its first non-Arbitrum ancestor chain. ArbSys(100).arbBlockNumber() gives the Arbitrum count. BNB Smart Chain's January 2026 cut also moved block-based timing. Since Solana's 9 October 2026 change, fixed slot-to-time conversions drift, and a blockhash expires after 150 blocks, about 30 seconds. Solana suggests getBlockTime. Bitcoin's time-based locks use the median of the last 11 blocks, about an hour behind wall-clock time. Relative time locks count blocks or 512-second units. New coins need 100 blocks, about 16.7 hours.
A timing assumption can reach from a contract into deposit handling, indexing and monitoring. For blockchain development projects, PixelPlex considers five connected areas. The goal is to make the product's behavior explicit when blocks arrive early, arrive late or stop matching assumptions made during development.
PixelPlex has worked on both sides of block time. It built the Echo protocol, where a new committee is chosen at random for each block. It worked on the Qtum platform, whose governance can change block time. For the mining client PEGA Pool, it built the PegaPool mining pool and modified Antminer S19 firmware for the miners who produce blocks.
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