Thread

You answered your own question.

Ok I thought I missed something.

It refers to the same thing, which is on average every 10 minutes.

Exactly! Every time a miner successfully finds a new valid block, the entire network verifies and audits it against the consensus rules. This happens roughly every 10 minutes. #Bitcoin is the only truly auditable money 🤗

Sure, but rejecting invalid blocks is a audit too in my opinion. That happens probably every nanosecond.

To be honest, this is technically not true. Bitcoin's state updates on average every 10 minutes when someone claims to have found a valid block, but it is really audited 24/7, 365. Remember that even though active running nodes receive and validate blocks when they receive them, typically 10 minutes apart, they are also pre-validating transactions in the mempool so that they can validate the blocks faster and there are always people spinning up new nodes that will start auditing from scratch, but they don't wait for the next new block to get started. Also different nodes get the message at slightly different times, so all of these things mean that Bitcoin's auditing history is just all the time, no breaks, Bitcoin is our work horse.

Bitcoin passes an audit about every 10 minutes. If someone tries to add a wrong block and it gets rejected, that’s also an audit IMO. That happens probably every nanosecond.

The state only changes if someone found a valid block. The claim itself has no impact. It could be a fake block and get rejected. That is an audit too IMO and happens alot more often than every 10 minutes.

Hey All the time high 👋 Are you ok? Haven’t seen you for quite a while