Distributed ledger technology , Man holding mobile phone, bitcoin icon , block chain with graph of stock market background , cryptocurrencies or bitcoin concept
There are always some interesting developments taking place within the cryptocurrency industry. Bitcoin’s network saw an influx of 16 network blocks in 63 minutes, which is a strong deviation from the average.
The Bitcoin network is subject to some very strict rules and time frames.
On average, one network block is generated every 10 minutes.
Over the span of an hour, six – or sometimes seven blocks will be generated accordingly.
Last week, 16 of those blocks were found on the network in a span of 63 minutes.
That is very unusual, and also raises a lot of questions.
Four of these blocks were shown on the network in a span of 46 seconds, further adding fuel to the mystery.
While an anomaly, it also seems to coincide with the upcoming block reward halving.
When more blocks are found on the network, the mining difficulty is often too low.
However, during this anomalous hour, it seems something else took place.
For now, it just appears to be an odd coincidence with no real reason behind it.
Ever since this anomaly took place, the production of Bitcoin network blocks has returned to normal.
If this keeps happening, however, things are undoubtedly bound to get very interesting rather quickly.
Bitmine Immersion Technologies, led by Tom Lee, is continuing to build aggressively on its Ethereum…
Something interesting just played out within the Ethereum space, and it didn’t take long before…
It’s becoming more obvious by the day that Ethereum is not slowing down anytime soon,…
El Salvador is still doubling down on its Bitcoin bet, and the latest numbers show…
The World Foundation has revealed that it recently completed a series of over-the-counter (OTC) sales…
The Government of Bhutan has been steadily reducing its Bitcoin holdings this year, and it’s…