An Empty Block of Bitcoins Was Just Mined
CryptoNewsTerminal Staff07 Aug, 2024
An Empty Block of Bitcoins Was Just Mined
Empty blocks are those that do not contain any transaction data other than the "coinbase transaction" that allocates a mining reward to the miner within the block. An empty block was mined at a bitcoin block height of 855858 about 40 minutes ago. It was mined in just 9 seconds after the previous block was mined. The mempool space is a metric that measures the total size of all unconfirmed bitcoin transactions waiting to be included in a block. It is currently at a very low level, indicating that there is not much demand for bitcoin transactions at the moment. The mining of an empty block may seem like a waste of time and resources. However, it is actually a very important part of the bitcoin network. Empty blocks help to keep the network secure by ensuring that there is always a steady supply of new blocks being added to the blockchain. Even though empty blocks do not contain any transaction data, they are still important for the bitcoin network. They help to keep the network secure and ensure that there is always a steady supply of new blocks being added to the blockchain.
