What Is Bitcoin Mining and How Does It Work?

Nthnjohn17 May, 2024Finance

Bitcoin mining serves as the backbone of the cryptocurrency network, facilitating secure transactions and ensuring the issuance of new coins. At its core, mining involves the validation and recording of transactions on the blockchain, a decentralized ledger that serves as the foundation of the cryptocurrency. Miners, equipped with specialized hardware and software, perform complex computations to verify transactions and secure the network.

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