In Bitcoin, blocks are created and transactions get confirmed every 10 minutes. Therefore, you might assume that Bitcoin is an incredibly slow network and you might want to reduce this delay for Readercoin. On our side, we will produce Readercoin's blocks every 2.5 minutes (as with Litecoin).

Before tinkering, let's understand the mechanics behind the minting rule of 10 minutes.

In Bitcoin, there is no parameter directly defining the block time, but actually it depends on the hashing power of the network and delays. Ten minutes was a choice made by Satoshi for stability and low latency reasons. Initially, he defined an initial hash target (powLimit ) that needed 10 minutes to be calculated, and then the protocol tried to keep this block time by adjusting the blockhash so it could be found within a specific retargeting period.

Therefore, the first related concept to introduce is the difficulty.