Bitcoin’s decentralized equilibrium relies on three key parameters:

1. Block Time (10 Minutes): Maintains a predictable and fair mining process by adjusting difficulty, ensuring widespread participation and preventing miner centralization.

2. Block Size (~1-4 MB): Limits resource requirements for running full nodes, enabling decentralized validation by a diverse set of participants.

3. Transaction Velocity: Balanced by fee markets and scalability solutions (e.g., Lightning Network) to avoid congestion while maintaining accessibility.

Together with Proof-of-Work, these mechanisms distribute control, ensure fairness, and preserve Bitcoin’s decentralization by balancing usability, security, and inclusivity.

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