Stale Block
By CoinGecko | Updated on Mar 03, 2020
Peer-to-peer proof of work mining may sometimes result in more than 1 blocks being mined in the same height, often due to broadcast delays. When this occur, the network will infer the longest resulting chain as the truth, whereby the blocks within the shorter chain will be regarded as Stale Blocks.
Related Terms
Genesis Block
It is the first block of data that is processed and validated to form a new blockchain, typically called as 'block 0' or 'block 1'.
Hashrate
Total processing power of a blockchain or what is the same, are the amount of hash values that can be made in a period of time.
Limit Order / Limit Buy / Limit Sell
Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
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