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Please feel free to add more questions or corrections
Hi, why do i only have 1 active connection with my wallet?
and no block found on explorer since hours..
)BitcoinFast is still on wobbly legs from not having a dev for a while, not a lot of the old users have come back yet, and we are slowly gaining new people to our community.
For the most part, the blockchain moves when a miner finishes work a block (solves a block/answers the question/accepts the block - however you wish to look at it)
The more miners there are working, the higher the hash rate. The higher the hash rate, the harder it is to solve the block.
This helps keep the blockchain moving at a somewhat steady 60 seconds a block.
Except when the hashrate jumps around.
The hashrate will jump when profit switching pools, or large mining rigs jump on. The difficulty will rise - this makes the coin harder to work, and less profitable, so then the pool or large miner switches to a different coin.
But that leaves the difficulty high for the smaller pools to deal with - and it takes a lot longer for them to solve a block. once they do - the wallets notice the smaller amount of hash power it took, and adjusts the difficulty back down, trying to keep the 60 second block time.
Then the profit switching pools find out the difficulty went back down - and jump on it again.
As more people join BCF, more pools will include it for mining, and the hash power will get spread around to help smooth the bumps.
Also, when the proof of stake catches up, that will help keep the chain moving - without relying on miners - then they can jack themselves up all they want
