How Does the Block Time of a PoW Chain Affect Its Transaction Speed?
The block time is the average time it takes for the network to generate a new block. A longer block time, such as Bitcoin's 10 minutes, means that transactions must wait longer to be included in a block and receive their initial confirmation, directly limiting the overall transaction speed and throughput of the network.
Glossar
Block Time
Epoch ⎊ Within cryptocurrency and decentralized finance, epoch refers to a discrete time interval during which specific operations or consensus mechanisms are executed.
Transaction Speed
Finality ⎊ The transaction speed, within cryptocurrency, options, and derivatives, is fundamentally defined by the time required to achieve irreversible settlement.