INTRODUCTION

Good evening my fellow steemian @steem4bloggers. Its another amazing contest concerning crypto organized by @khursheedanwar. I must say it's always my pleasure to share to my fellow steemians my experience about crypto .

Write any three primary purposes of crypto mining?

Crypto mining is a process blockchain networks, like Bitcoin and other cryptocurrencies, use to finalize transactions. It's called mining because this process also releases new coins into circulation

Purposes of Crypto Mining

Validating transaction information: the validating transaction helps majority of miners to agree on the solving of the math equations which the transaction is entered in a new block. The information contained in this block is synchronized with all the nodes of the network.

Maintaining the integrity of the blockchain,: mining serves the crucial function of securing and maintaining the integrity of the cryptocurrency network.

A New Block: The process of creating a block is called mining, and it involves solving a complex mathematical puzzle that requires significant computational power. Crypto miners compete with each other to be the first to solve the puzzle and add the next block to the blockchain.

How proof of work and proof of stake mining can be differentiated?

Proof of work requires miners to solve complex mathematical problems to create new blocks, which requires a significant amount of computational power and energy while Proof of Stake only requires validators to have a certain amount of cryptocurrency and a stable internet connection.

I will like to invite my fellow steemit friends to participate on this contest;@jozzie90,@jeph001,@tripsy.

CC:@patjewell,@goodybest

Thanks For Reading