HYPE Gains 0.73% as Upbit and Bithumb Announce Listings
South Korea's largest exchanges will list Hyperliquid (HYPE) on November 10. HYPE rose 0.73% in the prior 24 hours.
A Bitcoin block timestamped earlier than its predecessor does not represent a bug but functions as designed, Alex Thorn of Galaxy Digital explained.
A newly mined Bitcoin block carried a timestamp that was earlier than the block immediately before it, an event that occurred on November 7.
The finding prompted questions over whether the Bitcoin blockchain itself contained a flaw.
Alex Thorn, head of research at Galaxy Digital, drew attention to the incident and laid out why Bitcoin's internal timing can diverge from real-world clocks.
The anomaly involved two specific blocks in the chain.
This made the newer block seem over three minutes older, based on data from a public blockchain explorer.
why does block 974,988 show “22 minutes ago” while the block before it, 974,987, shows 18? mempool dot space and my own dashboard both show it, and neither is wrong. the timestamp inside a block is set by the miner, not by the network
— Alex Thorn (@intangiblecoins)
The reason traces back to how bitcoin mining operates.
The timestamp on any given block is chosen by the miner working on it.
Miners can adjust the timestamp while searching for a valid block, which creates extra combinations for their machines to test.
This flexibility is allowed under two rules:
There is no requirement for the timestamp to be later than the block directly preceding it.
According to Thorn’s analysis, roughly 3% of Bitcoin blocks carry timestamps earlier than their parent. About one in ten arrives with a timestamp more than a minute ahead of when his node received it.
consensus checks two things: the stamp must beat the median of the previous 11 blocks and sit under 2 hours ahead of the node's clock. nothing actually says a block must be later than the one before it. miners also roll the time forward to get fresh work, so stamps drift ahead
— Alex Thorn (@intangiblecoins)
No. Bitcoin determines block order through cryptographic links, rather than timestamps.
Every block contains the previous block’s unique hash, establishing exactly which came first.
A genuine blockchain reorganization requires a competing chain with more accumulated mining work. Changing timestamps cannot achieve that.
Still, the distinction matters for anyone relying on blockchain records to establish precisely when an event occurred.
Bitcoin’s block height establishes sequence. Its timestamp provides an approximate time.
Satoshi Nakamoto described Bitcoin as a “timestamp server” in the original whitepaper. Eighteen years later, the November 7 incident shows why that system relies on cryptographic proof rather than a perfectly accurate clock.
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Disclaimer: this article comes from third-party media and is provided for reference only. It does not constitute investment advice. Crypto and other financial products carry significant price volatility risk, so please make your own decisions carefully.
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