Valentina
Sun Jul 07 2024
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6 answers
826
How often does bitcoin add a new block?
Could you elaborate on the frequency of new block addition in the Bitcoin blockchain? As a cryptocurrency enthusiast, I'm curious to understand the average time it takes for a new block to be mined and added to the chain. Does this process vary depending on factors like network congestion, mining difficulty, or the overall hashrate? Understanding the block generation rate is crucial for gauging transaction speeds and scalability in the Bitcoin ecosystem. Please provide a concise yet comprehensive explanation of this dynamic process.
