What Is Mining?

At the heart of every cryptocurrency is an equation. That equation is what lets the blockchain exist. It determines the validity of each block, and is the reason that blockchain-based transactions are so secure; you can’t fake anything because it has to agree to the equation.┬áMining is the act of solving that equation. Once a person solves a problem, he or she gets a coin. Anyone can do it, but it’s also time-intensive and requires a computer to do it efficiently.

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