- Bitcoin is known to be the most famous cryptocurrency with its price currently touching near $10,000.
- According to BitMex research, it announced Bitcoin had a first stale block since January.
- The stale blocks which are not part of the current best blockchain led to a small fork.
Bitcoin is known to be the most famous cryptocurrency with its price currently touching near $10,000 and beyond in good days. Millions of crypto-enthusiasts stalk the news about this cryptocurrency which uses peer-to-peer technology to operate with no regulations from a central authority or banks.
BitMex is a Peer-to-peer crypto-products trading platform.
According to BitMex research, it announced Bitcoin had a first stale block this morning reaching the height of 618,466 since January 27 of this year, and it was in a 19 second time gap. Stale Blocks are blocks that got successfully mined but not included on the current best blockchain, likely because some other block at a similar height who had their blockchain extended first.
Bitcoin had a stale block this morning at height 618,465:
* 19 second time gap
* First stale block since 2020-01-27
* No double spends – The stale block contained 18 txns excluded from the competing block, all of which made it into the next block 618,466https://t.co/uzJXPLZduO pic.twitter.com/Xyg01amokI— BitMEX Research (@BitMEXResearch) February 22, 2020
A blockchain is a chain of increasing blocks contains information mainly related to finance attaching to make it a collection of records in a way which cannot be altered and every block record various transaction occurs in the blockchain. The stale blocks are newly mined and not part of the current best blockchain because it got overridden by a longer chain and the more the height of the blocks is always a good sign to the strength of the bitcoin.
The stale blocks which are not part of the current best blockchain led to a small fork. The small fork is a result of nodes when geographically closer they pick up the block that was mined near to them. The current block in bitcoin is, however, quickly accepted into the main chain.
In the blockchain, no double-spends has been observed, and the stale block contained 18 Txns excluded from the competing block.