Bitcoin Network Stats Show Block Time Is Back To Normal

Bitcoinist_Bitcoin Block Time  Is OKBitcoinist_Bitcoin Block Time  Is OK

Just a few days ago, there was some concern among the Bitcoin community regarding how fast new blocks were being mined on the network. In a normal world, the time between Bitcoin blocks is roughly 10 minutes. Earlier this week, however, blocks were being found in under six minutes, thanks to a major network hashrate increase. Based on today’s Bitcoin network statistics, everything is back to normal.

Also read: John McAfee Doesn’t Think Bitcoin Is The Digital Currency Of The Future

Major Hashrate Increase Leads To Faster Blocks

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The Bitcoin network heavily depends on the amount of hashpower used to generate new coins and validate transactions. Every now and then, that total hashrate will either drop or increase significantly. These types of movements will have an impact on the Bitcoin block time, which is the time required to generate a new block with confirmed transactions on the network.

A few days ago, the Bitcoin

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