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Sunday, September 13, 2015

Bitcoin and Cryptocurrency Technologies - Quiz 3 Problem 6

If two conflicting transactions A → B and A → C are both broadcast almost simultaneously from different nodes, what determines which one will eventually end up in the block chain? (check all that apply)

The transaction that reaches the majority of nodes first will winWrong
The transaction that was broadcast first will winWrong
The miner who finds the next block will likely resolve the tie by including one of the transactions in the blockCorrect
Each node has its own version of the block chain containing the transaction that it heard about firstWrong

The key to this question is that it is really just miner's choice in case of double spending.

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