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I used to be presently studying the e book Mastering Bitcoin written by Andreas and was fairly confused concerning the idea referred to as Median Time Previous. Hopefully I can get a few of your recommendation.
From my understanding, when creating a brand new block, its header time should fulfill two major situations:
- It should be larger than the median time of the previous 11 blocks
- The time offset between itself and community adjusted time should be lower than 2 hours.
That is what I perceive about situation #1, contemplating 11 blocks with their given header time :
#1 – created at time 1
#2 – created at time 2
…
#11 – created at time 11
When a block #12 is created, based mostly on above rule it’s attainable to set its header time to 7.
If this occurs frequently, is not it bizarre to have a block’s header time going up and down like that ?
Thanks.
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