Bitcoin Network Mines Empty Block for 15 Minutes
CryptoNewsTerminal Staff28 May, 2024
Bitcoin Network Mines Empty Block for 15 Minutes
Bitcoin miners recently encountered an unusual occurrence on the Bitcoin network: an empty block. According to Mempool, a blockchain explorer, this empty block was mined at 16:59 KST on January 28th, just 40 seconds after the previous block was mined. An empty block is one that does not include any transaction data aside from the coinbase transaction, which allocates mining rewards to miners within the block. This particular empty block was the first to be mined on the Bitcoin network in over two years. While empty blocks are not common, they are not entirely unheard of. They can occur due to various factors, such as a temporary drop in transaction volume or a network issue that prevents transactions from being included in a block. In this case, the exact reason for the empty block remains unknown. Despite being empty, the block still contributes to the security of the Bitcoin network by extending the blockchain. It also demonstrates the robustness of the network, which can continue to operate even in the absence of transaction data.
