- What happens in the bitcoin network when two miners solve a block at the same time?
Longest and most widely accepted chain win.
- What is a stale block?
A block that was not accepted by the concensus.
- How do stale blocks occur?
When competing miners result in one miner’s block not being accepted as part of the chain.
- Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
More than one version of the chain may exist for several blocks before consensus can be established based on which version will be finalized.