Timeline for Why was the target block time chosen to be 10 minutes?
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| Apr 13, 2017 at 12:47 | history | edited | CommunityBot |
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| Nov 3, 2011 at 14:47 | comment | added | Meni Rosenfeld | The analysis in Satoshi's paper doesn't at all relate to the amount of time one should wait - that depends solely on the practicality of maintaining a high hashrate for a long time. He discussed the amount of blocks to wait - he showed, for example, that if the recipient waits for 6 blocks and the attacker has 10% of the network's hashrate, a double-spend attempt only has <0.025% chance to succeed. At 1 minute per block this is 6 minutes, etc. | |
| Nov 3, 2011 at 12:45 | history | answered | ThePiachu | CC BY-SA 3.0 |