- What happens in the bitcoin network when two miners solve a block at the same time?
Will have two valid blocks competing with each other, the miner that has a longer block will be successfully, and the transactions of the other competing miner arent added to the blockchain it will go back to the Mempool.
2. What is a stale block?
A Stale Block is a authentic valid block the hasnt made it to the blockchain.
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How do stale blocks occur?
The Stale Blocks transactions are returned to the Mempool. -
Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
This is because it maintains the blockchain integrity reducing risks of incorrect blocks, the number of blocks that will confirm the mined block is 6 blocks.