What happens in the bitcoin network when two miners solve a block at the same time?
The chain splits in two, the block in the longest chain is chosen by the miners, the other one is dropped and the transactions go back to the mempool.
What is a stale block?
A valid block that was dropped because the miners choose another one in a longer chain.
How do stale blocks occur?
When two miners propagate a legitimate block to the network.
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
To make sure the transaction wonât be in a stale block
Both miners try to append the block to the prevous block, however only one will become verified as an authentic block whereas the other will be rejected, or disregarded and the transactions within that block will be go back to the mempool
A stale block is an unconfirmed block that expires or is no appended to the blockchain
Stale blocks occur when another block is appended to by miners and confirmed as an authentic part of the blockchain. Ultimately the longest block has the largest proof of work and therefore is more likely to become a verified part of the blockchain
Because there is a chance that the block carrying your transaction may not be confirmed and your transaction reversed, or does not proceed
What happens in the bitcoin network when two miners solve a block at the same time? Both blocks are âconfirmedâ and fork on the chain waiting for consensus or which block has the longest confirmations.
What is a stale block? The block on a chain that becomes the shortest.
How do stale blocks occur? The chain that becomes the shortestâs block/s return to the mempool and so become stale.
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction? Because of the global volume of transactions and block confirmations, time is needed to come to a consensus confirming the longest chain.
What happens in the bitcoin network when two miners solve a block at the same time?
When two miners solve a block simultaneously, the validation is broadcast through the network, and mining resumes on both blocks. The side that mines the block first is the chain that will continue.
What is a stale block?
The block that wins become part of the continuation of the blockchain, and the block that loses becomes a stale block.
How do stale blocks occur?
A stale block occurs when two miners solve a block simultaneously. Another way stale blocks occur is when an attack on the network results in an unsuccessful attempt to alter previous blocks.
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
The probability that the transaction ends up being a part of the stale block decreases as the number of confirmations increase. Also, you are witnessing a magical intersection of beautiful code, finance, and human history, and it is a wonder to experience.
The network will choose the block with the most POW (blocks with the higher mining difficulty/lower target number) and the block the next miner chooses. All and all the chain with the most POW gets chosen to be added while the other block get disregarded and the transactions get place back into the meme pool.
A stale block is a rejected block that is disregarded and transactions are thrown back into the meme pool.
Two blocks are attempted to be added to the main chain network at the same time, one block with most POW gets added and the (stale block) is rejected.
To let time tell if your transaction ends up in a stale block. Good to wait for 6 confirmations.
When two miners solve a block at the same time, each version gets communicated to the nodes closest to the miners. Nodes then broadcast different version of the blockchain until a new block is mined.
A stale block is the block whose transactions get returned to the mempool after miners solve two blocks at the same time.
After two miners solve a block at the same time, both blocks will be broadcast to the network as valid by different nodes until the next block is solved. The chain that âwinsâ is the one that has the subsequent block attached to it using the previous block on that chain. The other chains block becomes stale and is moved back to mempool.
It is possible for a blocks transactions to get confirmed then later orphaned. Waiting for additional blocks ensures the transactions will remain validated.
What happens in the bitcoin network when two miners solve a block at the same time?
Both blocks will be appended and propagated throughout the network. In essence some
nodes will have one block as the true blockchain and other nodes will have the other. To
determine which block is eventually accepted, the rule states that the longest
blockchain will win. The other blockchain will be dropped and all transactions returned to
Mempool.
What is a stale block?
A stale block is a block that was dropped from the blockchain.
How do stale blocks occur?
When two different miners have solved the cryptographic puzzle at the same time, both of their blocks will be appended and slowly propagated throughout the network. Eventually the longer blockchain will win and be considered the true continuation of the blockchain. The blocks on the blockchain that did not win are dropped and are called Stale Blocks (Orphan blocks)
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
You must wait for 6 confirmations. This is important in case there are two different blockchains created. You want to ensure your transaction ends up on the winning blockchain line.
What happens in the bitcoin network when two miners solve a block at the same time?
When two miners solve a block at the same time eventually the block in the longest chain is accepted by the blockchain and the other block is discarded and considered as a Stale block or an Orphan block. The transactions in the discarded block is returned to the mempool.
What is a stale block?
A stale block is the block that was in the blockchain but then discarded because another block was produced at the same time that was part of a longer chain.
How do stale blocks occur?
Stale block occurs when two miners mine a valid block approximately at the same time.
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
It is important to wait for more than one block to be confirmed when sending or receiving a transaction because the transaction might end up in a stale block even after being confirmed once. More than one confirmed block means the transaction is added in the longest chain and is being accepted by the blockchain.
When 2 miners solve a block at the same time the block in the longest chain wins and the other block is discarded and considered a stale or orphaned block. All the transactions are returned to the mempool.
A stale block is the block that was in the blockchain but then dropped because another block that was produced at the same time was part of a longer chain.
Stale blocks occur when a block was valid for a while because 2 were produced with the same version of the truth but then dropped because the blockchain continued on another block.
It is important to wait for 6 confirmations to be sure that the block your transactions are in is not dropped from the chain.
Two blocks become both candidate blocks and only one will be added to the blockchain. This is decided by the next blocks. The one that gets 6 confirmations will be added.
A stale block is a candidate block but is not added to the blockchain.
Stale blocks occur when a valid version of the blockchain is accepted and the blocks on short version are dropped.
Otherwise there is a risk that the transaction is on a stale block and might be dropped from the blockchain.
1. What happens in the bitcoin network when two miners solve a block at the same time?
For a short period of time we will have two valid blockchains. This situation will remain untill the next block is mined 2. What is a stale block?
It is a valid block mined in anytime that eventually has not been included in the valid blockchain
3. How do stale blocks occur?
This situation happens when two valid blocks all mined simultaneously, but only one of this block will be added to valid blockchain.
4. Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
Because, eventually two valid blocks could be mined simultaneously and only one will be included in the valid blockchain. The process for confirming the valid block is through the selection of the longer blockchain and thats occur with the mined of the following blocks.
Additionally the deeper is the block that contains your transaction in the blockchain the more difficult is to change
What happens in the bitcoin network when two miners solve a block at the same time?
Firstly, two chains will exist. But:
Only one of them is build further upon, which means the other (shorter) chain becomes so-called âorphanedâ
What is a stale block?
Is it a block that was not built upon, meaning it is part of the orphaned chain. It was valid though.
How do stale blocks occur?
When no miner adds more block to that version of the chain (using that hash from the stale block).
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
The chain splits temporarily until the next block is formed, then, depending on which chain that block is formed on, would determine the continuation of the blockchain (the longer blockchain wins, always), resulting in the other block being orphaned, or stale and the transactions contained in that block moved to the mempool.
A stale block is a block that was not validated, due to two blocks being solved at the same time, and one chain gaining approval by the blockchain over another (refering back to 1.)
Same as above, when two miners mine the same block, one will be continued on, the other one will be dropped/orpaned âgo staleâ
Unconfirmed transactions can result in being dropped by the blockchain.
What happens in the bitcoin network when two miners solve a block at the same time?
Both blocks will get propagated into the network, miners may choose either as the base for the next block. Eventually one of those blocks will have more blocks added to it than the other and the longer one takes over, the shorter one gets dropped.
What is a stale block?
A stale block is a valid block that was successfully added to the chain by miners but is no longer part of the most accepted chain in the network.
How do stale blocks occur?
When multiple valid blocks get added onto the same block and propagated into the network you end up with multiple chains. Eventually one of those chains wins by getting longer first.The blocks at the end of the losing chains are regarded as stale and no longer part of the chain.
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
There is a chance that the block that your transaction is in becomes stale due to a competing chain mining more difficult blocks first. That chance gets much lower with every newly mined block.
the block chain forks with the two new blocks until another miner adds another to one of the forked blocks. Then the longer one takes precedence and the other block will become stale and head back to the mempool.
A stale block is a block that has been taken off the blockchain.
A stale block occurs when another miner adds another to one of the forked blocks. Then the longer one takes precedence and the other block will become stale and head back to the mempool.
