The Bitcoin blockchain not too long ago skilled a “rare-ish” two-block reorganization (reorg).
The time period “reorganization” can typically sound alarming to informal observers, however the occasion was not an assault or a glitch. Bitcoin’s decentralized consensus mechanism is functioning precisely as designed.
In response to information shared by Bitcoin researcher b10c and visualized on-chain, the mining pool Foundry USA gained an epic multi-block race in opposition to opponents AntPool and ViaBTC.
The race at top 941880
With a purpose to validate the subsequent block of transactions, miners are continuously competing to unravel advanced cryptographic puzzles
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The he community briefly cut up into two competing chains at top 941880. AntPool efficiently mined block 941881. Shortly after, on that very same path, ViaBTC mined block 941882. Concurrently, Foundry USA mined its personal model of block 941881. Foundry then discovered the subsequent block as effectively, creating its personal model of block 941882.
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At this level, the community had two legitimate chains of equal size. The tie was lastly damaged when Foundry USA continued its successful streak with blocks 941883, 941884, and 941885.
The blocks mined by AntPool and ViaBTC have been discarded, turning into what are generally known as “stale” or “orphaned” blocks. In complete, Foundry USA pulled off seven consecutive blocks (from 941879 to 941885).
Single-block reorgs occur periodically. Nonetheless, a two-block reorg is far rarer. It implies that the momentary tie between the 2 chains persevered for a complete further block cycle.