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Collects questions about the rules, precision, and utility of the timestamp in block headers.

4 votes
Accepted

Why do testnet blocks have future timestamp?

Testnet is frequently attacked, abused, due to the complete lack of value and proof of work. A piece of code which is intended to allow a difficulty 1 block is none has been found in 20 minutes also e …
Claris's user avatar
  • 15.5k
5 votes
Accepted

How bitcoin miners choose timestamp in block header when mining?

My original understanding of mining is to pick a timestamp (the timestamp of when miners started mining) and then fix it. There's no reason for that to be the case, as mining is progress-free. … One of the strategies that can lead to the distribution above I can imagine is: Miners change the timestamp frequently according to real-time timestamp. …
Claris's user avatar
  • 15.5k
1 vote

Retrieve number of OP-RETURN transaction

For statistics you’re best using bitcoin-iterate which will let you extract information very quickly. Here you want to be searching for scripts beginning with the op return byte, it takes only tens of …
Claris's user avatar
  • 15.5k
3 votes
Accepted

What does best block time mean in wallet.dat

Its the time the wallet was last synchronized to, it won't know about any transaction changes in or out past this time until it has been loaded again by a synchronized node. It has nothing to do with …
Claris's user avatar
  • 15.5k
4 votes

What would happen to Bitcoin if GPS/Galileo timing ceased to be available?

Bitcoin needs approximately sundial time accuracy to operate. Computers have their own free running clocks which provide more than enough accuracy in the absence of other references, and NTP sources w …
Claris's user avatar
  • 15.5k