1 .What happens in the bitcoin network when two miners solve a block at the same time?
Both blocks wil be added to the blockchain, the next miner choses one of them and the other one will be dropped.
- What is a stale block?
A stale block is a block that was in the blockchain once, but was dropped because the competing block was accepted by the network.
- How do stale blocks occur?
When blocks are added to a blockchain at the same time.
- Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
Because there is a possibility that a slate block might occur and the transaction in that block could be returned back to the mempool.