$BTC Bitcoin Just Saw Its Third Reorg in 4 Weeks, Normal or a Sign of Trouble?
The Bitcoin network just recorded a reorg at block height 966,500, when Spiderpool and Antpool simultaneously found two valid blocks pointing to the same parent block.
Antpool's block was added to the main chain thanks to greater accumulated work. Spiderpool's block was discarded.
This is the third single-block reorg in four weeks on Bitcoin. The previous two occurred at block heights 962,722 and 963,853.
Network nodes didn't even observe Antpool's block until it was confirmed and the chain continued extending on it.
Monero once experienced an 18-block reorg. Bitcoin SV saw a 100-block reorg in 2021.
Reorgs on Bitcoin are protocol normal, they happen when two miners find blocks nearly simultaneously, and the network picks the chain with greater accumulated work.
But three times in four weeks is a noteworthy frequency. It could reflect rising hashrate and network latency factors that increase the probability of simultaneous block discovery.
The key thing to remember: if a transaction sits in a discarded block, its confirmations disappear. For most users, this doesn't matter but it's a reminder that Bitcoin isn't an "instant confirmation" system.
What do you think is rising reorg frequency a signal to watch, or just a normal feature of a large network?
News is for reference, not investment advice. Please read carefully before making a decision.
The Bitcoin network just recorded a reorg at block height 966,500, when Spiderpool and Antpool simultaneously found two valid blocks pointing to the same parent block.
Antpool's block was added to the main chain thanks to greater accumulated work. Spiderpool's block was discarded.
This is the third single-block reorg in four weeks on Bitcoin. The previous two occurred at block heights 962,722 and 963,853.
Network nodes didn't even observe Antpool's block until it was confirmed and the chain continued extending on it.
Monero once experienced an 18-block reorg. Bitcoin SV saw a 100-block reorg in 2021.
Reorgs on Bitcoin are protocol normal, they happen when two miners find blocks nearly simultaneously, and the network picks the chain with greater accumulated work.
But three times in four weeks is a noteworthy frequency. It could reflect rising hashrate and network latency factors that increase the probability of simultaneous block discovery.
The key thing to remember: if a transaction sits in a discarded block, its confirmations disappear. For most users, this doesn't matter but it's a reminder that Bitcoin isn't an "instant confirmation" system.
What do you think is rising reorg frequency a signal to watch, or just a normal feature of a large network?
News is for reference, not investment advice. Please read carefully before making a decision.
