Mining: Difference between revisions
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Revision as of 19:47, 8 March 2020
Advanced programming[1]
A peer-to-peer computer process, Blockchain mining is used to secure and verify bitcoin transactions. Mining involves Blockchain miners who add bitcoin transaction data to Bitcoin’s global public ledger of past transactions. In the ledgers, blocks are secured by Blockchain miners and are connected to each other forming a chain.[2]
At its core, the term ‘Blockchain mining’ is used to describe the process of adding transaction records to a blockchain. This process of adding blocks to the blockchain is how transactions are processed and how money moves around securely on Bitcoins. This process of Blockchain mining is performed by a community of people around the world called ‘Blockchain miners.’[3]
Video[edit]