Cryptocurrencies and mining are inseparable from each other. Mining is the process of extracting cryptocurrencies using computational power. It involves solving complex mathematical problems that confirm transactions and ensure the security of the network. In return, miners receive new coins, which stimulates their participation in supporting and developing the blockchain. Without mining, most cryptocurrencies could not exist, as this process guarantees decentralization and independence from centralized structures.
11/14/2024 4:11:39 PM (GMT+1)
How is cryptocurrency connected to mining?


This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.