BITCOIN MINING
BITCOIN mining is a process of adding transaction information to Bitcoin's public journal of past transaction or blockchain.
The ledger of past transaction is called the block chain as it is a string of blocks. The chain serves to validate the transaction all of those other network as having occurred.
Bitcoin nodes use this technology chain to distinguish a genuine Bitcoin transaction from efforts to re-spend coins which may have already been spent somewhere else.
HOW BITCOIN MINING WORKS
Where do bitcoin come from? With paper money a government decides when to print, how much and deliver the money. Bitcoin does mot have a central government.
THE PROCESS
With bitcoin, miners use a special software to solve math problems and are issued a certain number of bitcoin in return. This provide a smart to concern the currency and also creates an incentive for more individual to mine .
IS BITCOIN SAFE?
Bitcoin miners help in keeping the bitcoin network secure by validating the transactions. Mining is a crucial and integral part of bitcoin that ensures fairness while keeping the bitcoin network stable, safe and secure.
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