Every node needs to keep track of time AND it needs to be in synch with its other peer nodes on the blockchain. In Bitcoin for example the current median for time is around?
Every node needs to keep track of time AND it needs to be in synch with its other peer nodes on the blockchain. In Bitcoin for example the current median for time is around?
In Bitcoin, the median time older by more than 70 minutes from the system time causes a node to be out of synch with the network, but the median time for transactions to be confirmed is around 7 minutes, aligning with the average block generation time of 10 minutes.
It was not 70 minutes ever - https://www.blockchain.com/charts/median-confirmation-time as of today it is closer to 7