- What happens in the bitcoin network when two miners solve a block at the same time?
The longest blockchain will win, while the other will be dropped.
- What is a stale block?
A block that was in the blockchain but was then dropped because another block with a longer chain was produced at the same time.
- How do stale blocks occur?
When two miners successfully mine a block at the same time.
- Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
6 confirmations is recommended. This helps avoid stale/orphaned blocks