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Epoch
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An epoch in cryptocurrency is a fixed period of time during which a block is created and added to the blockchain, such as in Proof of Stake (PoS) or Delegated Proof of Stakes (DPoS).
The epoch period varies depending on the specific crypto asset. For example, Ethereum currently has an epoch period of approximately 12 seconds, while Bitcoin has an epoch period of 10 minutes.
There are several advantages to using epochs:
- Help make the blockchain network more secure by making its data harder to tamper with.
- Make it easier for all nodes in the network to have a common understanding of when each block was created.
- Prevent forks in the blockchain, which can lead to errors and inconsistencies in the data.
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