security - What keeps the average block time at 10 minutes ...

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Living on Satoshi Time: What Block is it? - A calendar system based on the Bitcoin Blockchain

Living on Satoshi Time: What Block is it? - A calendar system based on the Bitcoin Blockchain submitted by parakite to Bitcoin [link] [comments]

"I see a lot of #Bitcoin maximalist saying that $ETH is dying from a clogged network. What? I thought that high fees, long confirmation times, and full blocks are a good thing???"

submitted by MemoryDealers to btc [link] [comments]

"I see a lot of #Bitcoin maximalist saying that $ETH is dying from a clogged network. What? I thought that high fees, long confirmation times, and full blocks are a good thing???"

submitted by unitedstatian to ethfinance [link] [comments]

"2018 is the year we bring Bitcoin to its full potential. BCH will have more security and no more issues with limits on what it can achieve. Op_Codes enabled Block size not constrained Time to bring it to the world"

submitted by Windowly to btc [link] [comments]

"I see a lot of #Bitcoin maximalist saying that $ETH is dying from a clogged network. What? I thought that high fees, long confirmation times, and full blocks are a good thing???"

submitted by vegasbooty to Cryptoandme [link] [comments]

Security of the bitcoin network is funded by the reward miners get: Transaction fees + subsidy. Over time the subsidy drops to 0 and we are left with just fees. If you limit the block size to 1mb you limit miner reward to what fees can fit in 1MB of space. You limit the security of the network.

I've posted this before and was criticized because it was claimed this was a future problem. Actually, the block reward goes pretty low pretty fast. Already 80% of coins are already mined. This is a future problem, but guess what? So are cores hypothetical centralization problems that are supremely trumped by this problem.
Cores hypothetical in the future problem is that miners will geographically centralize because the latency of relaying large blocks will result in close miners having an advantage. The relay network which allows blocks to transmit without latency issues shouldn't count according to core because it is not "decentralized".
The other part of their "decentralization" argument is that we need to all run full nodes to make transactions, but then fail to give an example of anyone being defrauded by an SPV wallet. They then give statistics for how full nodes are dropping (without factoring in that the original bitcoin wallets were all full nodes which skews the statistics)
submitted by specialenmity to btc [link] [comments]

Hi everyone. I can see that most fork of bitcoin reduce the block time to have faster transaction, and that this change cause an issue : orphaned block. I know what is a orphaned block, but the thing I would like to know is : what are the negative result of orphaned block ?

Orphaned block issues
submitted by amadeus82 to Bitcoin [link] [comments]

If block time is Litecoins clear improvement over bitcoin - then what do you Litecoiners think about Darkcoins "InstantX"?

Is the Dark going to eat the Lite?
submitted by luckdragon69 to litecoin [link] [comments]

What is the longest time between blocks in the history of bitcoin?

submitted by humbly to Bitcoin [link] [comments]

Hi everyone. I can see that most fork of bitcoin reduce the block time to have faster transaction, and that this change cause an issue : orphaned block. I know what is a orphaned block, but the thing I would like to know is : what are the negative result of orphaned block ? /r/Bitcoin

Hi everyone. I can see that most fork of bitcoin reduce the block time to have faster transaction, and that this change cause an issue : orphaned block. I know what is a orphaned block, but the thing I would like to know is : what are the negative result of orphaned block ? /Bitcoin submitted by ABitcoinAllBot to BitcoinAll [link] [comments]

EOS is planning for sub-second block times which is awesome. But how will orphan rates be dealt with in this scenario. See link inside for what happens with the 15 second blocks in Ethereum versus the 10 minute blocks in Bitcoin. Will 0.5 seconds cause any issues like this?

submitted by BitcoinIsTehFuture to eos [link] [comments]

"2018 is the year we bring Bitcoin to its full potential. BCH will have more security and no more issues with limits on what it can achieve. Op_Codes enabled Block size not constrained Time to bring it to the world"

submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Security of the bitcoin network is funded by the reward miners get: Transaction fees + subsidy. Over time the subsidy drops to 0 and we are left with just fees. If you limit the block size to 1mb you limit miner reward to what fees can fit in 1MB of space. You limit the security of the ne /r/btc

Security of the bitcoin network is funded by the reward miners get: Transaction fees + subsidy. Over time the subsidy drops to 0 and we are left with just fees. If you limit the block size to 1mb you limit miner reward to what fees can fit in 1MB of space. You limit the security of the ne /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[uncensored-r/Bitcoin] What is the Block size and Mean Block time for a Ethereum token

The following post by stferro is being replicated because the post has been silently greylisted.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/74u2f5
The original post's content was as follows:
[removed]
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Bitcoin Unlimited block count and Bitcoin price both spilling down fast ! Is it time to dump Bitcoin and move on ? Is the market heading to cheaper altcoins ? Whats next for Bitcoin ?

submitted by unconfirmedbtc to btc [link] [comments]

What is happening in the other chain? Did the miners all stop mining at the same time? fork.lol reports 43 blocks until readjustment... /r/Bitcoin

What is happening in the other chain? Did the miners all stop mining at the same time? fork.lol reports 43 blocks until readjustment... /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Bitcoin Unlimited block count and Bitcoin price both spilling down fast ! Is it time to dump Bitcoin and move on ? Is the market heading to cheaper altcoins ? Whats next for Bitcoin ? /r/btc

Bitcoin Unlimited block count and Bitcoin price both spilling down fast ! Is it time to dump Bitcoin and move on ? Is the market heading to cheaper altcoins ? Whats next for Bitcoin ? /btc submitted by BitcoinAllBot to BitcoinAll [link] [comments]

Last block was confirmed over 1 hour 20 minutes ago. What is the longest historical time gap between blocks? /r/Bitcoin

Last block was confirmed over 1 hour 20 minutes ago. What is the longest historical time gap between blocks? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

10-11 06:57 - 'Jesus... is that your understanding of the blocksize problem? Do you know nothing about block validation/signature verification times, propagation delays, selfish mining attacks? / What are they teaching you over in r/btc a...' by /u/globalredcoin removed from /r/Bitcoin within 0-5min

'''
Jesus... is that your understanding of the blocksize problem? Do you know nothing about block validation/signature verification times, propagation delays, selfish mining attacks?
What are they teaching you over in /btc anyway?
'''
Context Link
Go1dfish undelete link
unreddit undelete link
Author: globalredcoin
submitted by removalbot to removalbot [link] [comments]

For the last 24 hours, the average time until block found has been 7 minutes, 37 seconds. Does that mean processing is 25% faster that it should be? What effect does that have? /r/Bitcoin

For the last 24 hours, the average time until block found has been 7 minutes, 37 seconds. Does that mean processing is 25% faster that it should be? What effect does that have? /Bitcoin submitted by BitcoinAllBot to BitcoinAll [link] [comments]

[Draw #59] It’s almost time to see who our winner is, the draw awaits!

Here’s the part where we get one in the crowd.

TL;DR - This post is for the sole purpose of choosing a winner. If you commented in this [Drawing Thread], you are entered in the drawing and don't need to do anything else. By 16:00 UTC, the winner will be selected. The Bitcoin (BTC) blockchain will be used to pick this winner. This can be verified at any device running Python 3.5, and you do not need to own Bitcoin in order to participate.
Additionally, all information to replicate the Drawing at home is available on Dropbox and GitHub, scroll down for more information.
Importantly, this post WILL NOT BE EDITED in order to keep the integrity of the Drawing. To verify this, there will not be an asterisk during the time passed since its creation. The winner will be announced in a stickied comment.
DISCLAIMER: Some of the information may be unrevised, but procedures are the same as prior draws. Thank you.
Off Topic:
The [Discussion] Thread at /millionairemakersmeta is open. All comments are welcome there for any inquiries.
[Discussion for Fall and Winter 2020-2021]: https://old.reddit.com/millionairemakersmeta/comments/iw8mse/_/
Explanation!
The Bitcoin (BTC) blockchain will be used to choose a winner. Once the time listed has passed, there will be an active check to determine the blockchain's winning hash. Like before, this subreddit will wait for the 3rd Block after the time (being 16:00 UTC) to select the winner.
If a block is discovered by 15:59 UTC, it will not be counted towards the counter of three blocks. If it's discovered by 16:00:00 UTC, then it will decrease the counter. This can be checked by seeing the timestamp given to it by blockchain explorers.
You are able to see how this subreddit will verify the winner by checking the GitHub repository, which also includes a back-up plan in case of an emergency.
Standard Protocol:
This post will not be edited! This is to prevent tampering of the hash or files by any of the moderators. To prove this, look for the lack of an asterisk near the time since creation.
To verify if a hash for a file is that of Draw #59, upload the file of choice to a SHA-256 generator, and match it with its respective hash output. The result you receive should be the same as what is listed here.
If you are interested in doing this for yourself, download Python 3.5 or better and follow the path to the folder labeled: MM59
Status Reports:
I will be commenting on the progress of the drawing via the comments, so other users can keep track of the progress. These comments will be pinned at the top of the post and be distinguished. Most likely, after 1:00 PM ET, the pinned comment will be announcing the winner.
If you can run Python yourself and follow the instructions, you will be able to find the winner. Make sure the hash released from the blockchain and the total number of participants match with what is described below. In addition, thank you for your patience.
Information Used For Draw #59:
GitHub Repository: https://github.com/lilfruini/CommentGathering-MillionaireMakers/tree/masteMM59 SHA-256 of Comment IDs: 6bdfd8d448bad1a0e13011f269b1d1d6b83416a872b0ea79493c075d53506461 SHA-256 of Authors: ed70c96c86ec382e462e8c045e2a9fcdd6b8665b4e6fdd4f180185508e97bc10 SHA-256 of DQed Age: 89db4164e849a1a5638eaf69249b552fe475c7091c9f34792b0907d367fec80e SHA-256 of Multiple Posters: f3c08ddbec20b198b0f8fc5fca351919aa856b4a9bb03993fbe003021b367dc9 SHA-256 of Truncated IDs: acca048cd9bc8dfaf8d65987c45c31d704955e69fc8af141105b9af4573a8a73 Block Selection: The Third Bitcoin Block After 18 October 2020 - 16:00:00 UTC Total Participants: 7,252 
submitted by MakerOfMillionaires to millionairemakers [link] [comments]

The Problems With Tarkov's Economy and Balance.

Welcome to my overly long TED Talk about Tarkov's overall economy and the balancing issues within itself.
First, before I continue with the analysis of Tarkovs economy, let me throw some definitions your way, as understanding these things is very important to understanding what i'm about to explain.
FAUCETS
Faucets are feature or design decision that puts value into an economy.
SINKS
Sinks are features or design decisions that take away value from an economy.
NETS.
Not sure if this is an actual definition, but a Net is something that blocks value from falling into a sink. It's not a faucet, but it acts like one.
LOOT ECONOMY
The loot economy is essentially the 'FIR Economy'. It encompasses every piece of loot found in raid, even loot taken off of players bodies that doesn't have the FIR tag.
THE PLAYER-DRIVEN ECONOMY
The player driven economy is essentially the Flea Market.
Now it's important to understand what makes an economy sustainable. A stable economy would have to have tons of sinks for players to put their money into, while providing faucets for players to take money from. EFT's faucets include...
-FIR LOOT from PMC RUNS
-LOOT Gets Vendored
-LOOT Gets Sold on Flea (Requires Level 15)
-LOOT Gets Crafted Into FIR Items (Requires Hideout)
-CRAFTED LOOT Gets Vendored
-CRAFTED LOOT Gets Sold on FLEA (Requires Level 15)
-CRAFTED LOOT Gets Used
-PvP LOOT from PMC RUNS
-LOOT Gets Vendored
-LOOT Gets Used
-FIR LOOT from SCAV RUNS
-LOOT Gets Vendored
-LOOT Gets Sold on Flea (Requires Level 15)
-LOOT Gets Crafted Into FIR Items (Requires Hideout)
-CRAFTED LOOT Gets Vendored
-CRAFTED LOOT Gets Sold on FLEA (Requires Level 15)
-CRAFTED LOOT Gets Used
-PvP LOOT from SCAV RUNS
-LOOT Gets Vendored
-LOOT Gets Used
-BITCOIN FARM (Requires Hideout)
-And i'm sure many more than i'm missing
An economy also needs to have a lot of sinks to keep an economy flowing and stop players from amassing massive hordes of wealth. EFT's sinks include...
-Lost Gear from PMC RUNS (Recycles back into the 'PvP LOOT from PMC and SCAV RUNS' Faucets. But for another player.)
-Flea Market Taxes
-Medical Costs (Optional)
-Food Costs (Optional and Minor Sink)
-Hideout Upgrade Costs (Temporary Sink, Eventually turns into Faucet.)
-Scav Case Losses (Gambling)
-and a probably a few more that have slipped my mind.
Maybe you can already start to see some issues, and I haven't even started yet.
EFT's economy also has Nets, EFT's nets include
-Insurance
-Armor and Weapon Repairs
-Items in Secure Container (Maybe that would be counted here?)
EFT's economy is not sustainable. In order for an economy like EFT's to continue, they would need far more sinks to create a sense of scarcity. Veterans say that money is far too easy to make, but that's not the issue, money is far too hard to lose.
Ever wonder why you see a lot of squads using meta gear? Its because they all get their insurance back whenever they die, as it only takes 1 surviving member of a 5-man team, to secure his dead squadmates gear, and chuck it in a bush. Eliminating most of a squads expenses.
Solo players on the other hand, don't have this luxury, and will use a lot of low-end to mid-tier gear, expecting to lose it, and get it back in insurance, because it's not worth picking up.
BSG needs to incorporate more sinks and adjust their nets in a way that fixes it, otherwise the game will forever rely on wipes, and there will never be proper scarcity in the economy.
I want everyone to try and remember what it was like when you first booted up the game, had no fucking idea what you were doing, and how i'm sure many of you were scared shitless about losing your last P226 or Grach, and elated about finding a rifle, probably not knowing it shot dog-shit .366 rounds.
Now, i've spoken to a lot of new players, and a lot them have this sense of overwhelming anxiety about playing the game once they realise that death has consequences. This anxiety also helps tremendously with selling the games atmosphere, but as people get more experienced and more wealthy, that anxiety goes away, and so does the games atmosphere.
Its not possible to put us all back into the shoes of a new player, as a lot of the anxiety is caused by not knowing what the hell is going on or that you have an infinite source of income to the left of your PMC. But it is possible to bring back *SOME* of that anxiety by introducing gear scarcity into the Loot Economy.

There is almost no gear scarcity in the Loot Economy for a few reasons.
1. The flea-market allows people to buy whatever they want, whenever they want.
-There's a few ways to change this, removing it IS NOT the answer.
2. Playing in a squad tremendously increases your chances of getting your gear back in insurance.
3. Trader prices for Meta gear are far too low and Meta gear is far to easily obtained from raiders, bosses, and players wearing this gear; because it's so easy to obtain.
Now these things COULD be fixed, but if you did it would make a lot of gear useless. Because there are more issues.
Ammo and armor balance is scuffed.
Let me just give a few examples.
Everyone wants 7n31. It's a hot new ammo that everyone wants to try out, yet its sold out every trader reset. To counter this, BSG adds it as a craftable in the hideout. Now, it's all over the flea market, but very expensive, at the time of writing this it's 1700 RUB around. Pricey.
Now 7n31 coupled with the rate of fire of most of the guns that shoot it, goes through level 4 and 5 like butter, and even level 6 pretty well. But this is where we start to run into issues.
By increasing the supply of 7n31 and many other AP ammos, you've essentially massively decreased the effectiveness of many Higher-End armors.
"Oh well, that's fine, now newer and rats players have a chance of getting through all these chad armors."
Except that's not what happens.
Let me use a better example.
M62 is $5 a bullet. It completely ignores level 5 and goes through level 6 like butter. It is widely available, and very cheap.
Why would you use Level 5 and 6 when going up against this ammo?
There is no reason, Level 5 and 6 only slows you down when your up against AP Ammo.
That's fine though, this rare and exotic ammo should be able to go through armor like its nothing, that's why I pay exorbitant amounts of money and grind to obtain this ammo.
Except its not rare and exotic, its extremely common, with very little work to obtain, and this goes for a lot of the bullets in the game. Most Meta ammos are reasonably affordable and put down level 5 and 6 easily, which begs the question, why would I use Level 5 and 6? Why would I spend 800k on a slick, when someone can spend $5 to ignore it.
This goes into another issue that I see a lot of people talking about, the TTK (Time To Kill) The TTK isn't going to be fixed by adding 5 more health to the thorax, it will be fixed when armor actually does something. The only thing 5 more health on the Thorax does is make it more expensive to run AP ammo against unarmored players, and make bolt actions useless compared to DMRs.
TTK also effects the New Player experience, a lot of new player will simply spam their little makarov at big bad Altyn man and wonder why it did nothing. That's because armor isn't hard to get either, its harder to get than the ammo that pens it sure, but it's still very easy to get if you know how to get it. Meanwhile that new player is wondering why everyone is going through their cool new level 4 ceramic armor, and they're bullets aren't doing anything.
Now if they fixed the the Loot Economy and made armor, ammo and other gear harder to find, it would do nothing, because the traders sell ammo extremely cheap and armor extremely expensive compared to the ammo. Which means armor is going to get burnt, found, repaired and used until that person dies and the armor gets picked up again or scrapped at fence.
Now the traders, from what I understand, are supposed to eventually have extremely limited stock and options. However, seemingly, the community hates the idea of sold out traders.
I have an aneurysm everytime I see a post complaining about super high-pen ammo being sold out, and then immediately see the supply go up the next day, like what just happened with 7n31.
Because you're making. The problem. Worse.
Now, I want to believe that BSG will continue with their plans to make an economy based on scarcity, but this community has an issue with crying about a lot of dumb shit. Which, don't get me wrong, if the vast majority agrees that something needs to change, it probably should. We play the game more than the devs, we know what is fun.
But when you guys complain about something as sophisticated as tarkov's economy, and you have no idea what you're talking about, thats bad.
I wouldn't be making this section of the post, if I thought that BSG would ignore the complaints. But they have this habit of caving in to the community's crys. Please BSG, do not do this.
TL;DR: In order to have a good scarcity based economy, BSG needs to have more sinks in the economy to take money out of the hands of wealthy players, and they need to make ammo more expensive compared to the price of armor. The TTK issue is solved by making ammo more rare than armor, community needs to stop crying about stuff they don't understand.

Thank you for coming to my TED Talk.
submitted by AftT3Rmath to EscapefromTarkov [link] [comments]

What is Blockchain?  CNBC Explains - YouTube What is Bitcoin Cash? - A Beginner’s Guide - YouTube An Introduction to Blockchain and Bitcoin in Malayalam Are Ethereum's block times better than Bitcoin's? Blockchain 101 Ep 47 - What is a Timestamp? - YouTube

The actual formula is this: at every block N which is a multiple of 2016, look at the time stamps of the past 2015 blocks, and change the difficulty for what follows to old_difficulty*(2 weeks)/(time the past 2015 blocks took). Additional rules on which time stamps are allowed in blocks prevent cheating (mostly). In Bitcoin 0.1.6, the interpretation of nLockTime was adjusted to also allow time-based locking. Then, starting from block 31001 (December of 2009), the nLockTime restrictions were activated as a rule that also applied to block acceptance. Litecoin Average block time (minutes) Chart. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction Value Median Transaction Value Tweets GTrends Active Addresses Top100ToTotal Fee in Reward The block time is a Unix epoch time when the miner started hashing the header (according to the miner). Must be strictly greater than the median time of the previous 11 blocks. Full nodes will not accept blocks with headers more than two hours in the future according to their clock. 4. nBits. uint32_t. An encoded version of the target threshold this block’s header hash must be less than or ... Bitcoin Average block time (minutes) Chart. Transactions Block Size Sent from addresses Difficulty Hashrate Price in USD Mining Profitability Sent in USD Avg. Transaction Fee Median Transaction Fee Block Time Market Capitalization Avg. Transaction Value Median Transaction Value Tweets GTrends Active Addresses Top100ToTotal Fee in Reward

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What is Blockchain? CNBC Explains - YouTube

Over the past decade, an alternative digital paradigm has slowly been taking shape at the edges of the internet. This new paradigm is the blockchain. After i... what is blockchain what is blockchain technology what is blockchain bitcoin what is blockchain technology in banking what is blockchain wallet what is blockc... How transactions are verified in Bitcoin Blockchain - Longest chain rule explained Watch our earlier Blockchain videos Blockchain Simplified: https://www.you... Timestamps show that the blocks are connected in a chronological order. It marks the time for each transaction on the blockchain. Simply put, the timestamp p... Ethereum likes to tout its 12 second block times as one of its primary features. But is it really a feature? And what is the opportunity cost? This question was asked by mmortal03, and seems ...

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