Block: 847483 Price: $66,858.00 Txs: 5023 Fees: 0.292 BTC ($19,527.58) Outputs: 2055.843 BTC ($137,449,561.44) Time: 11:51:20 UTC 2024-06-11
Block: 842192 Average fee rate: 44 sat/vByte 10th: 29 sat/vByte 25th: 29 sat/vByte 50th: 30 sat/vByte 75th: 33 sat/vByte 90th: 40 sat/vByte Mined at: 12:52:54 UTC 2024-05-05 UTC
Block Quote: 842192 'A transaction will quickly propagate throughout the network, so if two versions of the same transaction were reported at close to the same time, the one with the head start would have a big advantage in reaching many more nodes first. Nodes will only accept the first one they see, refusing the second one to arrive, so the earlier transaction would have many more nodes working on incorporating it into the next proof-of-work. In effect, each node votes for its viewpoint of which transaction it saw first by including it in its proof-of-work effort. If the transactions did come at exactly the same time and there was an even split, it's a toss up based on which gets into a proof-of-work first, and that decides which is valid.' November 9, 2008 - Satoshi Nakamoto