What Is the Statistical Term for the Block Discovery Process? ⎊ Path

What Is the Statistical Term for the Block Discovery Process?

The block discovery process in Proof-of-Work mining is statistically modeled as a Poisson process. This means that block discoveries are independent, random events that occur at a constant average rate (determined by the network difficulty and hash rate).

The time between block discoveries follows an exponential distribution.

What Is a Verifiable Random Function (VRF) and Its Use in Consensus?

How Would This Formula Change for a Liquidity Pool Governed by a Constant Mean or Constant Sum Formula?

How Does the Randomness in PoA Selection Relate to Random Walk Theory in Finance?

How Does a ‘Hybrid AMM’ (Like Curve’s Stableswap) Combine Features of Constant Product and Constant Sum?

What Are the Advantages and Disadvantages of Using a Constant Sum Formula versus a Constant Product Formula in an AMM?

Does a Larger Mining Pool Generally Experience Lower Block Discovery Variance?

Why Is a Random Number (K) Critical for the Security of Each ECDSA Signature?

How Does a Volume-Weighted Average Price (VWAP) Calculation Differ from a Simple Average?

Glossar

Constant Average Rate

Assumption ⎊ The Constant Average Rate, often denoted as lambda (λ) in a Poisson process, is a fundamental statistical assumption positing that the mean frequency of an event occurring within a defined time interval remains invariant.