Trade-Offs Among Block Size and Queuing Approach in Blockchain Environment

Block chain is one of the foremost expertises of this era. It has transformed each sector including finance, education, logistics, industry etc. There are several benefits like decentralized behaviour, powerfulness, ease of use, secrecy, inventory and answerability, which is making it more worth. The up-and-coming application of Block chain are rising, but mostly the attention is given to its commerce and execution part, while the basic abstract component is least measured. In this paper we have shown the relationship between block size and waiting time and also calculated the waiting time in the queue according to its block size. We took the latest input transaction of one week and mathematically analysed that block size is directly proportional to waiting time in the queue. We have achieved rational results and look forward to unlock various opportunities in conjectural study of Block chain-based systems.