How does the process of bitcoin mining work?

1 answers

• Jan 05, 2022 · 3 years ago
  Bitcoin mining is a crucial process in the Bitcoin network. Miners use specialized hardware to solve complex mathematical problems, which helps validate and secure transactions. This process involves verifying transactions, bundling them into blocks, and adding them to the blockchain. Miners are rewarded with bitcoins for their work. It's a decentralized system that ensures the integrity and security of the network. Bitcoin mining plays a vital role in maintaining the decentralized nature of the cryptocurrency and preventing fraud.
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