The inter‐block time is maintained at an average of 10 minutes. Suppose now you have 0.05% of the total network hash power, what is the average time for you to find the next block?
The inter‐block time is maintained at an average of 10 minutes. Suppose now you have 0.05% of the total network hash power, what is the average time for you to find the next block?
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Question
The inter‐block time is maintained at an average of 10 minutes. Suppose now you have 0.05% of the total network hash power, what is the average time for you to find the next block?
Expert Solution
Step 1
Each network theoretically has its own specified block time.
For example, the block time for the Bitcoin network is about 10 minutes, while the block time for the Ethereum network is about 20 seconds.
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