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What happens in the bitcoin network when two miners solve a block at the same time?
There will be created to blocks at the same time and the block who will get the longest chain will be the new block. -
What is a stale block?
is a block canceled from the blockchain.
- How do stale blocks occur?
is when there is created two blocks at the same time and the block with the least blocks build on it will be dropped that is called a Stale block/orphaned block
- Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
Because you wont know for sure that it wont be a stale block.
6 confirmations will be the best number to wait for in the blockchain