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By my calculations Polkadot should create 1 block every 6 seconds which is confirmed by looking at https://polkadot.subscan.io/ - however it states there are only 12M blocks when there should be many more blocks since launch date.

Can anyone explain the difference?

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Polkadot is running since roughly two years. If you take this into account: 2 years * 365 days * 24 hours * 60 minutes * 60 seconds / 6

You will end up with 10512000. So, not really several 100 millions.

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