Definition ∞ ‘Blocktime’ is the average time it takes for a blockchain network to create a new block of transactions. This duration is a fundamental parameter that influences transaction confirmation speed and network security. Different blockchains are engineered with distinct blocktime targets.
Context ∞ The concept of ‘Blocktime’ is central to discussions about blockchain scalability and user experience. Variations in blocktime directly affect transaction finality and network congestion, prompting ongoing research into optimization techniques and alternative consensus mechanisms.