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Cryptocurrency mining is the process of creating new coins and verifying transactions on a blockchain network. This process involves solving complex mathematical problems using specialized computer hardware. When a new block of transactions is added to the blockchain, the network rewards the miner who solved the problem with a certain amount of the cryptocurrency being … Read more
I’d be happy to explain blockchain and smart contracts in more depth! Blockchains First, let’s start with blockchain. A blockchain is a distributed, decentralized ledger that records transactions and data across a network of computers. Think of it as a digital ledger distributed across many computers rather than stored in a single location. Each block … Read more
Every blockchain uses a ledger, a digital file that tracks all the transactions to keep track of the cryptocurrency we own. The ledger file is not saved in a central entity server, like a bank or a single data center.