tg-me.com/DuyaoSS/9759
Create:
Last Update:
Last Update:
BY Duyao｜SpeedTest｜科技生活｜资讯转发
Share with your friend now:
tg-me.com/DuyaoSS/9759
tg-me.com/DuyaoSS/9759
Share with your friend now:
tg-me.com/DuyaoSS/9759
View MORE
Open in Telegram
Duyao|SpeedTest|科技生活|资讯转发 Telegram | DID YOU KNOW?
Date: | Duyao|SpeedTest|科技生活|资讯转发
How Does Bitcoin Mining Work?
Bitcoin mining is the process of adding new transactions to the Bitcoin blockchain. It’s a tough job. People who choose to mine Bitcoin use a process called proof of work, deploying computers in a race to solve mathematical puzzles that verify transactions.To entice miners to keep racing to solve the puzzles and support the overall system, the Bitcoin code rewards miners with new Bitcoins. “This is how new coins are created” and new transactions are added to the blockchain, says Okoro.
How Does Bitcoin Work?
Bitcoin is built on a distributed digital record called a blockchain. As the name implies, blockchain is a linked body of data, made up of units called blocks that contain information about each and every transaction, including date and time, total value, buyer and seller, and a unique identifying code for each exchange. Entries are strung together in chronological order, creating a digital chain of blocks. “Once a block is added to the blockchain, it becomes accessible to anyone who wishes to view it, acting as a public ledger of cryptocurrency transactions,” says Stacey Harris, consultant for Pelicoin, a network of cryptocurrency ATMs. Blockchain is decentralized, which means it’s not controlled by any one organization. “It’s like a Google Doc that anyone can work on,” says Buchi Okoro, CEO and co-founder of African cryptocurrency exchange Quidax. “Nobody owns it, but anyone who has a link can contribute to it. And as different people update it, your copy also gets updated.”
Duyao|SpeedTest|科技生活|资讯转发 from us