Theoretical Analysis on Block Time Distributions in Byzantine Fault-Tolerant Consensus Blockchains

Some blockchain networks employ a distributed consensus algorithm featuring Byzantine fault tolerance. Notably, certain public chains, such as Cosmos and Tezos, which operate on a proof-of-stake mechanism, have adopted this algorithm. While it is commonly assumed that these blockchains maintain a nearly constant block creation time, empirical analysis reveals fluctuations in this interval; this phenomenon has received limited attention. In this paper, we propose a mathematical model to account f...