Bitcoinrand has a 2 minute block target time. Bitcoin is 10 minutes target and we see it happen rather often that a block sometimes takes 30 to 60 minutes to hit.
If a large number of miners shut down at a similar time, the network will slow down in confirmation time until it readjusts every 2016 blocks.
Bitcoin averages 144 blocks per day so 2016/144 = 14 Days.
Therefore, the difficulty of the bitcoin network adjusts every 14 days. So in between, no matter how the hashrate increases or decreases, 2016 blocks will have the same difficulty.
For an attacker to double spend, he'd have to catch up to the main chain blocks number.
Bitcoinrand looked at all the pros and cons of Bitcoin and broke down the analytical data over the years to see how can we improve it from speed to security, reliability and establish mined coins that will maintain purchasing power over long periods of time.
We target a block every 2 minutes and readjust difficulty every 5 blocks.
You can tell how the longer the chain gets, it would make an attack 10^2016 times more improbable for an attacker to catch up than if he attempted to on Bitcoin.
The Bitcoin halving occurs every 630000 blocks. At an average of 10 minutes a block, that's about every 4 years. We have noticed the effects of this halving on electricity consumption as well as how long miners would profit of mining with the latest Asics at the time.
The halving is too often when we now see how quickly CPU power innovation is increasing dramatically.
Bitcoinrand halves every 2.3 million blocks. At 2 minutes a block, that's approximately 8.76 years for a halving to occur.
The halving being so soon on bch made it vulnerable to an attack that was luckily saved.
We needed to find a way to not have miners shut down so quickly. 8 to 9 years based on our research shows strong uptrend over the period point a to b. 4 years is not. That causes uncertainty and miners power down.
We will keep adding more info on the Bitcoinrand blockchain to the whitepaper as we educate the community on why it is the way it is.
We did not just randomly choose numbers. We looked at all the ups and downs and wanted to improve a phenomenal wheel called by adding a new tire, not reinvent the wheel.
We needed a way to make Satoshis vision of a digital electronic cash system a reality by building on top and amending his ingenious algorithms.
It is far too early in the chain to tell if it's going to work as planned for 306 years but so far. I'm surprised at how the plan is seamlessly just fitting together perfectly!
Keep it up, folks. Get mining. Run full nodes.
Let's do this.
Stand up! Stand tall! Stand with BZAR!
The price on the trading platform is too low. Mining costs are too expensive, so no one mines.
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