Question: Why does the BTC target 10 mins between blocks? What is the tradeoff? Why do miners select different blocks to be added to the chain?

  1. Why does the BTC target 10 mins between blocks? What is the tradeoff?
  2. Why do miners select different blocks to be added to the chain? Where are the blocks selected from?
  3. Do 0-fee transactions get processed? How? When? Always?
  4. What is the issue of micropayments in the BTC?
  5. How are fees computed? When should transactions include a larger fee?

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