#HotTopicDiscussion Cryptocurrency mining is a critical element that allows cryptocurrencies to work as a peer-to-peer (P2P) decentralized network without the need for intermediaries. It is a process in which transactions between participants over the blockchain network are verified and added to the distributed public ledger. Cryptocurrency mining also introduces new blocks to the existing circulating supply. Let’s understand the mining of cryptocurrencies through the example of Bitcoin.
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#HotTopicDiscussion Cryptocurrency mining is a critical element that allows cryptocurrencies to work as a peer-to-peer (P2P) decentralized network without the need for intermediaries. It is a process in which transactions between participants over the blockchain network are verified and added to the distributed public ledger. Cryptocurrency mining also introduces new blocks to the existing circulating supply. Let’s understand the mining of cryptocurrencies through the example of Bitcoin.