pull down to refresh

33 sats \ 4 replies \ @denlillaapan 9h \ on: Why isn't one confirmation enough for a bitcoin transaction? bitcoin_beginners
Block split; blocks can be orphaned. You should really think of a 1-confirmation block as provisional only.
These blocks are created when two miners solve a block at nearly the same time. The Bitcoin network, which operates on a consensus mechanism, will only accept one of these blocks, leading to the other being ‘orphaned.’ This phenomenon is a direct result of the decentralized and competitive nature of Bitcoin mining, where multiple miners across the globe attempt to add new blocks to the blockchain simultaneously.
https://d-central.tech/orphan-blocks-the-overlooked-pieces-of-bitcoins-blockchain-puzzle/
write
preview
0 sats \ 2 replies \ @jgbtc 4h
It would be interesting to know how often this happens.
reply
0 sats \ 0 replies \ @0xbitcoiner OP 4h
👀 #814589
reply
0 sats \ 0 replies \ @denlillaapan 4h
not that often but not unheard of either. Google for exact figures
reply
0 sats \ 0 replies \ @0xbitcoiner OP 9h
This makes perfect sense. Don't you know of any other situations in which the timechain could split?
reply