Bitcoin Network Mines Empty Block, First in 15 Minutes

IconCryptoNewsTerminal Staff23 May, 2024

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Bitcoin Network Mines Empty Block, First in 15 Minutes

An empty block, or a block without any transaction data aside from the coinbase transaction, was mined on the Bitcoin network just 12 seconds after the previous block, according to the Bitcoin blockchain explorer Mempool. The empty block was mined at 00:59 (KST) on the 23rd. Empty blocks are not uncommon on the Bitcoin network, but they are relatively rare. The last empty block was mined on September 3rd, 2022. The mining of an empty block is not necessarily a cause for concern. It is simply a sign that the network is operating normally. However, it is worth noting that empty blocks can be used to attack the network. For example, an attacker could mine a series of empty blocks in order to double-spend bitcoins. Despite the potential risks, empty blocks are an important part of the Bitcoin network. They help to ensure that the network remains secure and decentralized.

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