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Topic: What does mining do? - page 2. (Read 896 times)

hero member
Activity: 882
Merit: 1006
March 06, 2013, 10:34:30 PM
#2
It secures the Blockchain and helps make transactions permanent and non-reversible.

It also protects against double-spends.

It's also a good way of distributing the currency fairly.
full member
Activity: 126
Merit: 100
March 06, 2013, 10:33:39 PM
#1
Why do we mine for bitcoins, anyway? I understand it has something to do with the transactions, but I'm not entirely sure -what- it does.
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