Bitcoin

Coin

<ul class="news-points">
 <li><strong>Bitcoin network faced a one-hour block production delay on Tuesday.</strong></li>
 <li><strong>The one-hour lapse in a new block on the Bitcoin network is not unprecedented.</strong></li>
 <li><strong>Bitcoin recorded two instances when the network failed to produce a block for nearly two hours in 2021.</strong></li>
</ul>
<p>Data has shown that the <a href="https://coinedition.com/what-is-bitcoin-everything-you-need-to-know/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> network has again experienced a historic temporary lapse in block production, with a notable pause that lasted over an hour. According to Bitcoin’s dedicated blockchain explorer, a delay occurred on November 7 as the network failed to produce a block between 16:47 and 17:56 (UTC+8).</p>
<p>Prominent Chinese reporter Colin Wu spotlighted this development in a recent statement on the X platform (formerly Twitter), citing information from the <a href="https://explorer.btc.com/btc/blocks" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Explorer website</a>.</p>
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   <p lang="en" dir="ltr">The Bitcoin network did not produce a block for about an hour from 16:47 to 17:56 (UTC+8) on November 7. In May 2023, the Bitcoin network twice did not produce a block for nearly an hour. In 2021, the Bitcoin network experienced two times for nearly 2 hours.… <a href="https://t.co/X2xVPsmliD" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/X2xVPsmliD</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1721834063714250975?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">November 7, 2023</a>
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<p>Meanwhile, the recent over one-hour lapse with no new recorded block on the Bi…</p>
<p>The post <a href="https://coinedition.com/bitcoin-network-experiences-historic-hour-long-block-production-delay/" rel="noopener noreferrer nofollow">Bitcoin Network Experiences Historic Hour-Long Block Production Delay</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Bitcoin Network Experiences Historic Hour-Long Block Production Delay

Coin Edition

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