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LogoutIn the context of cryptocurrencies, block time refers to the time it takes for a new block, or data file, to be created in a blockchain network.
It’s the amount of time it takes to verify if a new batch of tokens exists. If you’re mining bitcoins, for example, now is the time to validate fresh bitcoins. Each network, in theory, has its own set of block times. The Bitcoin network, for example, has a block time of about 10 minutes, whereas the Ethereum network has a block time of around 13 seconds.