What is an orphaned block in the world of cryptocurrency?
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Can you explain what an orphaned block is in the context of cryptocurrency? How does it affect the blockchain and transactions?
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- In the world of cryptocurrency, an orphaned block is a valid block that is not included in the main blockchain. It occurs when two miners solve the cryptographic puzzle and broadcast their blocks to the network at the same time. The network can only accept one block as the next valid block, while the other block becomes orphaned. Orphaned blocks are eventually discarded as the network reaches a consensus on the valid block. Although orphaned blocks can cause temporary delays in transaction confirmations, they do not pose a threat to the security or stability of the blockchain. It's just a natural part of the decentralized nature of cryptocurrency networks.
Feb 19, 2022 · 3 years ago
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