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What happens in the bitcoin network when two miners solve a block at the same time?
There could be a problem in that different miners may choose alternative mined blocks and the blockchain then becomes forked. The miner who next completes a block will link to one of the forks thereby creating the longest chain and the redundant block will be discarded -
What is a stale block?
A stale block is the block described above that is discarded as it no longer forms part of the longest chain -
How do stale blocks occur?
The blockchain takes too long to propogate to nodes providing the opportunity for 2 different miners to successfully mine a block and potentially create a fork
4. Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
This is to avoid a transaction being rejected because it did not form part of the longest chain . Confirmation provides assurance that the transaction is in fact included in the blockchain