Dig into Currency Mining

The heart of cryptocurrency is mining. A miner, a specialized participant in a cryptocurrency network, takes transactions and binds them up into the unit of the blockchain—the block. They then distribute these blocks, which the rest of the cryptocurrency system validates and then adds to the blockchain. Miners make the transactions embedded in blocks as permanent as anything can be in cryptocurrency.

Much like wresting minerals from the earth, mining requires some kind of hard effort and just like resource mining, the reason to do is profit. Cryptocurrencies offer a reward for mining that varies widely among systems in use and which are issued in the form of the same cryptocurrency that they’re mining.

The miners don’t ...

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