Litecoin longest time between blocks

litecoin longest time between blocks

Currency traders: The use of Litecoin and other cryptocurrencies is becoming increasingly widespread as a hedging tool for traditional currency traders. Long-. Litecoin rose in rankings to the fourth-largest cryptocurrency in the Litecoin's block generation time is minutes instead of bitcoin's 10 minutes. Атака "Time Warp" основана на баге, присущем Bitcoin'у и всем его форкам (в том числе Litecoin'у). Баг заключается в том.

Litecoin longest time between blocks

Litecoin longest time between blocks where to buy coffee tea etc

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Rexcirus Rexcirus 2 2 silver badges 8 8 bronze badges. Add a comment. Active Oldest Votes. This data is current through block Improve this answer. Nate Eldredge Nate Eldredge Stephen Gornick Stephen Gornick How can it be 0 seconds?

This means a duplicate block with an hash collision. By this reasoning surely the shortest block is minus one hour or so. Pieter, the length of interval can not be negative : — amaclin. Cluster2k two blocks being found at the same time does not necessarily mean a hash collision. It is more likely the two blocks would have distinct hashes, but the same blockheight, found at pretty much the exact same moment.

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The fact is, you can keep whatever block-time you want in a proof of work system. And it is not a function of mining difficulty because there is no mining in proof of stake. Plus, having a decent proof of work and block-time saves the blockchain from various attack vectors such as replay, double spending, and other malicious rearrangements.

But whatever it might be, it will always be cheaper and faster than traditional systems. Lastly, anyone who wants instant Bitcoin transaction confirmations might consider moving to Bitcoin Lightning Network. Hey there! Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit.

You will find me reading about cryptonomics and eating if I am not doing anything else. Your email address will not be published. Skip to content. When you start with Bitcoin, you realize there is a lot to learn. So for starters, I would you to also read the following guides: Bitcoin Hash First Bitcoin Transaction Bitcoin Transaction Time Once you are done with them, you will be able to appreciate the meaning of Block-Time even more precisely.

But for now, I am assuming you have read the above links and directly dwell on the subject Block-Time Definition [Cryptocurrency, Bitcoin, Ethereum, etc. But there many other blockchains with different block timings, for example: Block-time in Ethereum is 20 seconds Block-time in Litecoin is 2. Longest Bitcoin Block Time The longest difference between successive blocks is seconds 5 days, 8 hours, 39 minutes, 20 seconds between blocks 0 and 1. Conclusion Now, I think you understand what does block time mean in cryptocurrency?

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Litecoin longest time between blocks how does it work bitcoin

Why I'm OVER Litecoin… (My Contrarian View)

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This has happened times. There have been blocks with the same timestamp as their predecessor, giving a difference of 0. Actual block intervals are hard to know precisely, since we have no way of knowing for sure the actual time at which each block was mined. Some sites like blockchain. It is also possible to receive blocks out of order, so the difference in receive times could also be negative.

Moreover, such data is obviously not available for early blocks before the existence of the site in question. The shortest time between 2 blocks is impossible to give since the timestamp of a block is not that strict, since its not important to record the timestamp more accurately than to the second. The reason for negative times between some blocks is not due to timestamps of blocks being "non strict" or whatever silly stuff above posters said.

It has to do with the way blockchains are verified and large pools having different chains at times forks. Within 6 confirmations the longest chain will have been verified and overwrite any blocks recorded from a shorter chain. Sign up to join this community. The best answers are voted up and rise to the top. Stack Overflow for Teams — Collaborate and share knowledge with a private group.

Create a free Team What is Teams? Learn more. Shortest and Longest block interval time ever recorded in Bitcoin Ask Question. Asked 3 years, 4 months ago. Active 1 year, 9 months ago. Viewed 6k times. What is the shortest and longest block interval ever recorded in Bitcoin? Improve this question. Rexcirus Rexcirus 2 2 silver badges 8 8 bronze badges.

Add a comment. Active Oldest Votes. This data is current through block Improve this answer. Nate Eldredge Nate Eldredge Stephen Gornick Stephen Gornick How can it be 0 seconds? This means a duplicate block with an hash collision. Meaning some are coming before 1o minutes and some after 10 minutes, but on an average, the network tries to maintain an average of 10 minutes.

But due to less difficulty and more mining power, this average can go out of wack. So suppose the average came down to 9 minutes instead of 10 minutes. Then the network difficult will readjust after blocks making it more difficult for the miners with the same hashing power to mine blocks in 9 minutes average time thus bringing it back to its normal 10 minutes. The longest difference between successive blocks is seconds 5 days, 8 hours, 39 minutes, 20 seconds between blocks 0 and 1.

The second-longest is seconds 1 day 1 hour 8 minutes 52 seconds between blocks and Now, I think you understand what does block time mean in cryptocurrency? Some people also ask for block-timings in proof of stake systems. The fact is, you can keep whatever block-time you want in a proof of work system. And it is not a function of mining difficulty because there is no mining in proof of stake. Plus, having a decent proof of work and block-time saves the blockchain from various attack vectors such as replay, double spending, and other malicious rearrangements.

But whatever it might be, it will always be cheaper and faster than traditional systems. Lastly, anyone who wants instant Bitcoin transaction confirmations might consider moving to Bitcoin Lightning Network. Hey there! Cryptocurrencies and blockchain will change human life in inconceivable ways and I am here to empower people to understand this new ecosystem so that they can use it for their benefit.

You will find me reading about cryptonomics and eating if I am not doing anything else. Your email address will not be published. Skip to content. When you start with Bitcoin, you realize there is a lot to learn. So for starters, I would you to also read the following guides: Bitcoin Hash First Bitcoin Transaction Bitcoin Transaction Time Once you are done with them, you will be able to appreciate the meaning of Block-Time even more precisely.

But for now, I am assuming you have read the above links and directly dwell on the subject Block-Time Definition [Cryptocurrency, Bitcoin, Ethereum, etc. But there many other blockchains with different block timings, for example: Block-time in Ethereum is 20 seconds Block-time in Litecoin is 2.

Longest Bitcoin Block Time The longest difference between successive blocks is seconds 5 days, 8 hours, 39 minutes, 20 seconds between blocks 0 and 1. Conclusion Now, I think you understand what does block time mean in cryptocurrency? Twitter Linkedin. Previous Previous. Next Continue. Leave a Reply Cancel reply Your email address will not be published.

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