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Mining

Beginner

Mining is the process of validating transactions and adding them to a blockchain, primarily in Proof of Work (PoW) systems like Bitcoin. Miners use computational power to solve cryptographic puzzles, securing the network and earning cryptocurrency rewards. Mining is decentralised, energy-intensive, and increasingly competitive, often requiring specialised hardware. Many miners join mining pools to improve their chances of earning rewards.

Related Words

Merkle Tree

Advanced

A Merkle Tree is a structure that organises blockchain data using cryptographic hashes. It enables efficient and secure verification of large data sets through quick checks utilising minimal computing resources.

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