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Question 46 - CBSA discussion

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In the Bitcoin blockchain the "block creation time" is set to 10 minutes and this can never change.

A.
FALSE
Answers
A.
FALSE
B.
TRUE
Answers
B.
TRUE
Suggested answer: B

Explanation:

Remember, that the block creation time is set to 10 minutes and this can never change. So after a fixed time of approximately 2 weeks or exactly 2016 blocks the difficulty is re-adjusted. Increase in difficulty means target decreases.

Reference: https://medium.com/all-things-ledger/decoding-the-enigma-of-bitcoin-mining-f8b2697bc4e2

asked 16/09/2024
Christopher Fiotes
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