What is Mining

Mining is a method of verifying transactions and then adding them to the blockchain once authenticated. Mining requires significant computing power to solve difficult mathematical equations, and hence, it is very costly. However, a miner is rewarded with cryptocurrency if he solves the problem and confirms the transaction before other miners on the network.

Mining

Mining is the phenomenon of verifying blockchain transactions, adding new blocks to the chain network.

Related terms

Maximum supply Masternode Multisignature Moon Market capitalization Monetary policy

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