Ripple CTO Reveals Confusing Truth About Bitcoin (BTC)

In a recent revelation, the Chief Technology Officer of a prominent cryptocurrency project shed light on an intriguing aspect of Bitcoin’s block intervals. Through a discussion on averaging, he offered insights into the apparent contradiction surrounding Bitcoin’s block time.

The CTO, one of the original architects of the project, clarified the differing perceptions regarding Bitcoin’s block intervals. When individuals reference the “average block interval” of 10 minutes, they are discussing a calculation derived from mined blocks.

Essentially, this means that a new block is mined approximately every 10 minutes. However, the phrase “10 minutes until the next block” refers to an average time calculated over a period and indicates the typical duration for the discovery of the next block.

To illustrate this concept, the CTO compared the scenario to analyzing buses and passengers. When averaging over buses, where each bus is considered equally, the average tends to be lower due to less crowded buses skewing the average. In contrast, when assessing averages based on passengers, crowded buses with more people contribute to a higher average.

Notably, the CTO is recognized as an expert in cryptography and has been the subject of speculation regarding their possible identity as Satoshi Nakamoto, the enigmatic creator of Bitcoin. These rumors stem from his extensive background in cryptography, which dates back to 1991 when he patented a decentralized computer system.

Despite ongoing speculation, he has consistently denied being Nakamoto, emphasizing that he only learned about Bitcoin in 2011.