Back to Feed
Fintech– 0
Bitcoin mining race sees rare two-block reorg
The Block·
Bitcoin experienced a rare two-block reorganization event, a temporary fork in the blockchain, due to competing blocks mined by different pools. Foundry USA Pool ultimately extended its chain, causing blocks from AntPool and ViaBTC to become stale. This event, while uncommon, demonstrates the normal functioning of the Bitcoin network, where nodes consistently adopt the chain with the most cumulative proof-of-work. The incident highlights the dynamic nature of cryptocurrency mining and the constant competition among mining pools to validate transactions and secure the network.
Tickers
$BTC-USD
Tags
crypto
fintech
infrastructure
Original Source
The Block — theblock.co