TermCrypto mining

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:
  1. Verifying and validating new transactions
  2. Collecting those transactions and ordering them into a new block
  3. Adding the block to the ledger’s chain of blocks (the blockchain)
  4. Broadcasting the new block to the cryptocurrency node network
Last updated on 4 months ago
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