© Chris Dannen 2017

Chris Dannen, Introducing Ethereum and Solidity, 10.1007/978-1-4842-2535-6_6

6. Mining Ether

Mining is the process by which the Ethereum network reaches consensus about the order of transactions in a given period of time, which in turn allows the EVM to make valid state transitions

Chris Dannen

(1)Brooklyn, New York, USA

We learned a lot about how the EVM works in Chapter 3, but one area of its functionality—mining—requires its own chapter. Mining is important because it is the process by which consensus is reached in the system, and by which ether is created. Bitcoin also uses mining to reach consensus, but the way things work in Ethereum is a little bit different, owing to its ability to execute smart contracts.

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