Blockchain Specs

Quick specs of the IoTeX Blockchain

Block Time

5-Second Block Time

Action Confirmation

7.5 Seconds on average. The fastest possible confirmation time is 5 Seconds.

Action Finality

1-Block finality for all blockchain actions.

Transaction Validation

Randomized Delegated Proof of Stake (Roll-DPoS)

Consensus Algorithm

Practical Byzantine Fault Tolerant (PBFT)