- What happens in the bitcoin network when two miners solve a block at the same time?
Two new blocks are able to append the blockchain at the same time if two miners solve a block at the same time.
- What is a stale block?
A stale block is a solved block that was detached from the blockchain because the node network chose a different longer chain to continue the blockchain.
- How do stale blocks occur?
Stale blocks occur when two miners solve independent blocks and append their solved blocks to the blockchain at the same time creating two versions of the blockchain, Version 1 and Version 2. Then, a new miner solves a block and appends the solved block to version 1 of the blockchain which then becomes the longer and thus permanent version of the blockchain. All other versions, including version 2 are disqualified. So what happens to the version 2 block that was properly solved and appended to the blockchain? It becomes a stale block.
- Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
Itâs important to wait for more then one block to be confirmed by the blockchain before trying to add another block so you donât append a new block to a block that will become an orphaned block.