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What happens in the bitcoin network when two miners solve a block at the same time?
two blocks will be added until the network recognizes one of the blocks (the longest chain will remain). the disregarded block will be the stale block --> transactions will return to the mempool -
What is a stale block?
a block that used to be valid but was however disregarded by the network because it was not part of the longest chain -
How do stale blocks occur?
when two miners 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?
to be sure that your transaction is going through and accepted on the blockchain and not disregarded as a stale block