What Happens If the Block Time Deviates Significantly from the Target?
If the block time deviates significantly from the target, the network's difficulty adjustment mechanism will correct it. If blocks are being produced too quickly, it could lead to an increased supply of the cryptocurrency and potential inflation.
It could also lead to more frequent chain reorganizations, which could compromise security. If blocks are being produced too slowly, it can lead to longer transaction confirmation times and a less responsive network.
The difficulty adjustment ensures that the block time remains stable, maintaining the network's security and predictability.