© Vikram Dhillon, David Metcalf, and Max Hooper 2017
Vikram Dhillon, David Metcalf and Max Hooper, Blockchain Enabled Applications, https://doi.org/10.1007/978-1-4842-3081-7_2
Vikram Dhillon1 , David Metcalf1 and Max Hooper1
(1)Orlando, Florida, USA
During the Gold Rush, most would-be miners lost money, but people who sold them picks, shovels, tents and blue-jeans (Levi Strauss) made a nice profit.
—Peter Lynch
Mining is a foundational concept in understanding how the Bitcoin protocol operates. It refers to a decentralized review process performed on each block of the blockchain to reach consensus without the need for a central authority to provide trust. In other words, mining is the computational equivalent of peer ...
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