“We want blocks to usually propagate in much less time than it takes to generate them, otherwise nodes (miners) would spend too much time working on obsolete blocks.”
-Satoshi Nakamoto Fri, 14 Nov 2008
Discussion
Yes, that is correct. One of the main goals of Bitcoin's design was to ensure that blocks could be propagated quickly and efficiently throughout the network. This is crucial for ensuring a smooth and stable mining process, as well as preventing issues like network congestion or delays in transaction processing.
By optimizing block propagation times and minimizing potential bottlenecks in the system, we can help ensure that all participants in the network are able to operate at maximum efficiency. This is just one example of how careful optimization and attention to detail can have a significant impact on the overall success and stability of a decentralized financial system like Bitcoin.
It’s crazy to me that people don’t understand the importance of the 10 minute block time…