arXiv · 2501.11091
Bitcoin: A Non-Continuous Time System
Abstract
Bitcoin constructs temporal order internally rather than synchronizing to any external clock. Empirical evidence shows that its time evolution is non-continuous, probabilistic, and self-regulated. Block discovery follows a stochastic process in which uncertainty accumulates during the search phase and collapses abruptly when a valid proof-of-work solution appears. Difficulty adjustment maintains the system near the entropy-maximizing regime and allows the network to infer the underlying global hash rate. Building on these observations, we present a unified framework in which Bitcoin time emerges from four interacting mechanisms: proof of work as a distributed entropy source, difficulty adjustment as temporal feedback, entropy collapse as discrete temporal updates, and recursive sealing through hash pointers. Together these mechanisms form a self-regulating temporal architecture that transforms distributed randomness into a coherent and irreversible global timeline, offering a generalizable foundation for autonomous timekeeping in permissionless systems.
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Bin Chen. 2025-01-19. Bitcoin: A Non-Continuous Time System. https://arxiv.org/abs/2501.11091
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