Topic: How Bitcoin mining works? - page 2. (Read 328 times)
I don't know exactly how it works but mainly its renting your resources in blockchain network for the transactions of bitcoin and i think other crypto currencies also.
Mining, is actually a process of verifying the overall of Bitcoin transaction.
And from that process, miners have also maintained the overall integrity of Bitcoin transaction data and information. The overall of that data, stored in a database called (Blockchain). Miners who have contributed to maintaining the integerity of the transaction's overall data and information are given a Bitcoin as reward, and those criteria has been set as the Bitcoin system protocol.
Because Blockchain is always maintained by its integerity by miners, the validity and security in the Bitcoin system becomes difficult to penetrate. And almost impossible, especially Bitcoin uses peer-to-peer network, and there is decentralized system, and there is no dedicated central server in it.
And from that process, miners have also maintained the overall integrity of Bitcoin transaction data and information. The overall of that data, stored in a database called (Blockchain). Miners who have contributed to maintaining the integerity of the transaction's overall data and information are given a Bitcoin as reward, and those criteria has been set as the Bitcoin system protocol.
Because Blockchain is always maintained by its integerity by miners, the validity and security in the Bitcoin system becomes difficult to penetrate. And almost impossible, especially Bitcoin uses peer-to-peer network, and there is decentralized system, and there is no dedicated central server in it.
I'm new to bitcoin and i'm very curious on how Bitcoin mining works?
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