Cryptocurrency Q&A
What is the time limit for Bitcoin?
What is the time limit for Bitcoin?
KimchiQueenCharm
Fri Dec 06 2024
|
6 answers
1280
I want to know if there is a specific time limit or expiration date associated with Bitcoin, like if it will expire or become invalid after a certain period of time.
6 answers
ZenMindful
Sun Dec 08 2024
The decision behind choosing 10 minutes as the block time in Bitcoin is intriguing.
Was this helpful?
231
71
RiderWhisper
Sun Dec 08 2024
Satoshi Nakamoto, the anonymous creator of Bitcoin, carefully considered various factors when determining this interval.
Was this helpful?
342
76
GangnamGlitz
Sun Dec 08 2024
Efficiency played a crucial role in Satoshi's thinking process. He aimed to find a block time that would optimize the overall performance of the network.
Was this helpful?
164
90
Gianluca
Sat Dec 07 2024
By selecting 10 minutes, Satoshi believed he struck a perfect balance. This duration allowed for transactions to be processed swiftly.
Was this helpful?
337
48
Alessandro
Sat Dec 07 2024
At the same time, it provided ample time for the network to verify and accept the new block, ensuring stability and security.
Was this helpful?
45
91
Load 5 more related questions
