Super Fast Transactions

What Is Block Time?

Block time is the amount of time it takes the miners to validate transactions within one block and create a new block

Understanding Block Time

The blockchain is a distributed database where each transaction is recorded. Each block contains a record of every transaction that has ever happened within the system. In order to create a new block, miners must solve a mathematical problem. Once solved, the block is added to the chain.

In order to validate the transactions within a block and store them securely, hashing is used. When the block solution has been found, a new block can be created. The length of time to find the block solution and create a new one is called the block time.

Cybits Block Time vs Bitcoin

The block time of Bitcoin is currently set at 10 minutes.

Cybits has a block time of 45 seconds, making sending and receiving super fast