Considering the large number of miners working on transactions, there may be a possibility that two different miners complete the task needed to mine a particular block, say 1101, at the same time. Now, two versions of block 1101 will be added to the blockchain. However, the block mined subsequently will be added to one of the versions making it part of the longer chain. The shorter chain is removed from the system and all the transactions in the blocks must be processed again at a later time in another blockchain. This helps in resolving conflicts and maintaining an accurate record of transactions.
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Blockchain
Blockchain
Introduction to Blockchain Brief History of Blockchain What is Blockchain? Blockchain Versions Key Concepts in Blockchain What are Smart Contracts? Network, Nodes and Mining What is the Consensus Mechanism? What’s Double Spending? Resolving Conflict Privacy Management Types of Blockchains Blockchain and Cryptocurrency How to Buy Bitcoin Mitigating Attacks on Bitcoin Transaction Blockchain Opportunities Advantages of Blockchain Disadvantages of Blockchain Blockchain ConclusionResolving Conflict
< What’s Double Spending?
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