What would happen to Bitcoin blocks if Bitcoin had no difficulty adjustment

[PVequalNRT]

I have learned that if the hashrate increases, producing new blocks becomes faster and after adjustment in the next 2016 block, the difficulty then increases and producing new blocks becomes slower.

So my question is, what will happen if Bitcoin doesn't not have difficulty adjustment? The produce blocks will be faster or slower.

[stwenhao]

what will happen if Bitcoin doesn't not have difficulty adjustment?

Then, the chain would produce six blocks per second. You can just run regtest to see it in action.

[hmbdofficial]

When I say this post, what actually came to my mind was the thought of How exchanges, wallet, and other  payments  processors will need to adapt in that situation  of no adjustments Bitcoin  world? Then I also thought  of If the absence  of difficulty adjustment affect the total supply  issuance timeliness of bitcoin 21 million coin cap?

[nc50lc]

So my question is, what will happen if Bitcoin doesn't not have difficulty adjustment? The produce blocks will be faster or slower.

If you mean that the difficulty is permanently set to a high value comparable with today's difficulty:
It's self-explanatory; more network hashrate will result with faster blocks, less hashrate and it'll be slower.

Otherwise, it's a silly question since the initial difficulty is too low for today's ASICs or even CPUs.
Most Bitcoin nodes will submit their own blocks in quick succession in hope of getting a block reward, we'll see lots of orphaned blocks, chain splits; basically chaos.

Then I also thought  of If the absence  of difficulty adjustment affect the total supply  issuance timeliness of bitcoin 21 million coin cap?

Yeah, history tells that ASICs improve over time.
So, if we set a fixed high difficulty, even if it looks reasonable today, it'll soon get too easy in the near future.

On a side note: this looks more of a beginners topic rather than technical.
(I'll ask a mod if this belongs here)

[NeuroticFish]

So my question is, what will happen if Bitcoin doesn't not have difficulty adjustment? The produce blocks will be faster or slower.

Given that initially Bitcoin was mined by CPUs, I'd expect we would be past the last halving and block time would be... seconds or less? It would probably have been pretty much a failed experiment.

[hugeblack]

Without difficulty adjustment, problems such as increased vulnerability to attacks (up to 51%), faster block finding, and difficulty synchronizing entire nodes would arise. In short, it's a network stabilization factor, and without it, we could witness catastrophic failures.

[PrivacyG]

Given that initially Bitcoin was mined by CPUs, I'd expect we would be past the last halving and block time would be... seconds or less? It would probably have been pretty much a failed experiment.

It actually provokes a really interesting curiosity.  I wonder if Satoshi tried this and only through trial and error found the perfect 'recipe' for the kind of Currency he invented.  Because while theory is great, it takes practice to find what really works and particularly to find things you may have not even considered.

I imagine there were many 'failed Bitcoins' before Bitcoin, including one where difficulty adjustment did not exist.  After all, even the Bitcoin we know had changes particularly to address future issues that were not considered at the time of Genesis.

The sad part is that we do not have a much more detailed view of the mental process Satoshi had before publishing the White paper.

[Chinesebaby]

I have learned that if the hashrate increases, producing new blocks becomes faster and after adjustment in the next 2016 block, the difficulty then increases and producing new blocks becomes slower.

So my question is, what will happen if Bitcoin doesn't not have difficulty adjustment? The produce blocks will be faster or slower.

Over 2016 blocks are been mined every two weeks. And because of that, one thing you need to know is that if Bitcoin does not have difficulty adjustment anymore, then it simply means that the Bitcoin block production will then totally be dependent entirely on the Bitcoin's total hash rate.  And if hash rate increases over time, then what happens is that miners will be able to find new blocks more faster. Whereas if the hash rate decreases, then the Bitcoin block will then be slower. So in conclusion, if Bitcoin has no difficulty adjustment anymore, then the block will still be either fast or slow with respect to it's current hash rate. So that's how the Bitcoin block works. I hope you understood now?.

[Razmirraz]

So my question is, what will happen if Bitcoin doesn't not have difficulty adjustment? The produce blocks will be faster or slower.

To put it simply for beginners to understand, if Bitcoin didn't have a difficulty adjustment mechanism, then overall block production would be much faster over time. Difficulty adjustment is designed to keep block creation times at an average level, if this mechanism were removed, what would happen is that cryptographic puzzles would be solved very easily and quickly.

Block times can shrink from average figures to seconds or even milliseconds, this is all due to increasingly advanced computing technology and the increasing number of miners (hashrate increases), The problem doesn't stop there, the supply of new Bitcoins will run out much faster than scheduled, this will trigger hyperinflation, in addition the network will become vulnerable to attacks because the blockchain becomes too fast and unstable to be validated securely by all nodes.