IIP: 4
Title: Lowering the block interval time
Author: Dustin Xie (dustin.xie@iotex.io)
Status: Implementing
Type: Standards Track
Created: 2019-08-01
Currently the IoTeX blockchain is producing a block at every 10 seconds. As a result, the transaction confirmation time lies in the range of 10~20 seconds with an average of 15 seconds. We are doing engineering study to investigate the feasibility to lower the block interval time.
We need to adjust the following things of the blockchain protocol:
- Adjust timing configuration in consensus module;
- Adjust block reward and epoch reward setting to keep the same payout yield;
Once we finish the feasibility study, the new block interval time and activation timeline/plan will be announced.
Copyright and related rights waived via CC0.