How does bitcoin measure time for the difficulty adjustments?
I was listening to Gigi talk about how proof of work is essentially a time stamping mechanism for bitcoin. It seems very compelling. However, I am not sure how bitcoin uses wall clock time to adjust difficulty if blockchain length is its measurement of time.
Interview: Amir Taaki on the Early Days of Bitcoin
Home of the Bitcoin Takeover Podcast, the BTCTKVR open source magazine, and loads of other forms of BTC-related content. Articles available in English, French, Spanish, and German.
Does Bitcoin suffer from the "Cobra Effect?"
How a Fear of "Perverse Incentives" Underlies Many Bitcoin Environmental Critiques