In proof-of-work blockchain's like Bitcoin mining is the process by which new crypto-currencies or digital assets are created and distributed to the blockchain's decentralized ledger.
The work performed by miners consists of a few main actions:
Verifying and validating new transactions
Collecting those transactions and ordering them into a new block
Adding the block to the ledger’s chain of blocks (the blockchain)
Broadcasting the new block to the cryptocurrency node network
Last updated on 4 months ago
Edit on GitHub
Get notified when we release new content
Sign up for our newsletter to stay up-to-date with the latest Armada Alliance news and updates.
Quick search for anything