- What happens in the bitcoin network when two miners solve a block at the same time?
- They are propagating two versions of the blockchain.
- What is a stale block?
- It is a block which was in the past in the blockchain, that was valid, but in the end was dropped out of the network because there was another valid block with a longer chain.
- How do stale blocks occur?
- They occur when a valid block gets dropped due to a longer valid block
- Why is it important to wait for more than one block to be confirmed when sending or receiving a transaction?
- It’s important because you never know if your transaction will be in the stale block or the long valid block. Waiting six confirmations should be enough to ensure the validation of the transaction.
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