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Question 127 - CBSA discussion

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In Ethereum how is the block difficulty determined in Ethereum?

A.
The Block Difficulty increases when the time between mined blocks is below 10 seconds, while it decreases when the time is above 20 seconds.
Answers
A.
The Block Difficulty increases when the time between mined blocks is below 10 seconds, while it decreases when the time is above 20 seconds.
B.
The Block Difficulty is determined by the Ethereum Committee every fortnight to reflect the average amount of transaction and it cannot be influenced by the network itself.
Answers
B.
The Block Difficulty is determined by the Ethereum Committee every fortnight to reflect the average amount of transaction and it cannot be influenced by the network itself.
C.
The Block Difficulty increases when the time between mined blocks is below 20 seconds, while it decreases when the tie is above 60 seconds.
Answers
C.
The Block Difficulty increases when the time between mined blocks is below 20 seconds, while it decreases when the tie is above 60 seconds.
Suggested answer: A

Explanation:

At the time of writing these lines, the Ethereum Blockchain still runs on Proof of Work. When a block is mined, the miner node selects some transactions from a pool of pending transactions. Usually they are sorted by how much gas they would bring in. These transactions are executed and incorporated in the new block. But a block also contains two very important parameters: a difficulty and a timestamp. The difficulty regulates how hard it is to find a block by the miner. The mining time is set to be between 10 and 20 seconds. If it's beyond 20 seconds, the difficulty is too high and will be automatically lowered going forward. If the mining happens below 10 seconds, then the difficulty increases. The timestamp is the time when a miner found the block. It is not automatically derived, rather it is set by the miner itself and can thus be influenced to a certain degree. The timestamp does not depend on the time zone, as it's the standard Unix timestamp.

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asked 16/09/2024
João Faria
36 questions
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