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Mining

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Table of contents
    1. 0.2. The Process of Mining
    2. 0.4. The Role of Mining in Blockchain

Mining is the process of validating transactions and adding them to a blockchain ledger. It involves solving complex computational problems to secure the network and earn cryptocurrency rewards.

The Process of Mining

In proof-of-work (PoW) blockchains, miners compete to solve a cryptographic puzzle. The first to solve it successfully adds a new block to the blockchain, ensuring that transactions are verified and recorded. The miner is then rewarded with cryptocurrency.

The Role of Mining in Blockchain

Mining is critical for decentralization, security, and maintaining the integrity of blockchain networks. It helps prevent fraud, such as double-spending, and ensures that all participants follow the protocol.