How Blockchain works?

Phoenix VC
Feb 8, 2021

Pt 5

In the past parts, we spoke on how a blockchain ledger is formed and shaped

As you know when a miner in a node solves the missing logarithmic in a block successfully, a new block is formed. But what will happen if a two miners figures out the same number in similarly same time?

If two miners in a node were able to successfully figure out a number in the same time, a diversion will happen in the chain in the form of a fork. One of the blocks will be created on the original chain, and the other block will be formed on the other forked chain.

The blocks that are formed on a forked chain are usually called “orphaned”, as the forked chain does not continue and stops, and all blocks built on it are invalid

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Phoenix VC

CryptoVC based in Dubai,UAE. Investing in game changing Decentralized Platforms.