Mining is a key operational concept in understanding how the Bitcoin protocol functions. It refers to a decentralized review process performed on every 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 review in a decentralized environment where neither party involved trusts the other. We will continue our discussion of the hash function here in more depth, as it refers to mining and solving ...
© Vikram Dhillon, David Metcalf, and Max Hooper 2021
V. Dhillon et al.Blockchain Enabled Applicationshttps://doi.org/10.1007/978-1-4842-6534-5_22. The Gold Rush: Mining Bitcoin
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