RE: The purpose of mining

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The purpose of mining

in bitcoin •  7 years ago 

theyre mining "blocks" to facilitate and encrypt the transaction. miners connect both parties (buyer and seller) and complete the sale, then add it to the "ledger."

while both parties remain completely anonymous, the minors or "oracles" have the knowledge of buying/selling price plus the quantity of the transaction, and therefore have the opportunity to intercept an offer of their liking.

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