Tuesday, 28 May 2019

Skeptic’s lens: Orphaned blocks in Bitcoin are becoming less frequent as miners improve direct communication @TheBlock__ #Bitcoin #Genesis #Research #Skeptic's lens #bitcoin #block propagation #orphan #orphan block #stale #stale block

Orphaned blocks, or more precisely stale blocks, are valid blocks that are no longer part of the main (longest) chain. They usually happen when two mining pools produce blocks at a similar time.

Orphaned blocks, or more precisely stale blocks, are valid blocks that are no longer part of the main (longest) chain. They usually happen when two mining pools produce blocks at a similar time.

The mining pool whose block is rejected does not collect any mining reward or transaction fees, and the block with a larger hash rate is then accepted into the main chain.

Stale blocks are becoming rarer than they used to be; potentially because the largest mining pools now have low latency communication channels in place precisely to prevent high orphan rates. Historically, there were about 11,000 stale blocks — approximately 1.9% of Bitcoin’s total blocks.

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source https://www.tokentalk.co/The Block/skeptics-lens-orphaned-blocks-in-bitcoin-are-becoming-less-frequent-as-miners-improve-direct-communication-5ceda061df09c5516d287dfb

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