Let’s look at the graph below.

(click for larger image)

The graph below shows the average annual length of each period over the past 7 years. The blue and yellow lines connect those average periods, making them a series of linear relationships.

It turns out, the average length of each period has been around 4.3 days, with average days in that period ranging from 4.6 to 5.6.

If you look at that graph directly, you’ll notice that the period (blue line) is quite a bit more irregular than the graph would suggest. It appears to have several significant periods and has at least 7 days in each of the periods, giving it the appearance of a long tail.

Why is this the case when viewing the graph at right?

As a person who follows the development of the bitcoin blockchain, I think it’s pretty obvious just how strange this is.

Let’s start with the graph at right and look at this graph the very same way that we did at the beginning of this article.

(click for larger image)

Notice how only the green line in the graph is increasing slightly over 7 years. When you look at the average of the green line over 7 years, you’ll notice something odd. The graph is very close to 0 but the average is significantly higher as a percentage of days.

However, when we look at the graph at left, looking at how each period has been distributed over the past few years, you’ll notice that the green line has been going down significantly over the past 7 years.

(click for larger image)

This is what’s likely to happen if you want to use the bitcoin blockchain for something other than storing value for a long time. When we use a blockchain, there are many different ways of tracking the information we have. A lot of blockchain systems like EOS or Dash are based on what’s called a blockchain log. The log will contain information about who has what in each block. In a system with long running periods where the average of the green line is very small, there could be substantial discrepancies between how much people are doing with the blockchain over time.

So how do you solve this problem? It’s quite simple.

Use a block extension to store time, not date.

This is just a few seconds for a blockchain log entry, and the blockchain won’t know anything about who has what in those seconds.

What

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