What does coin mining mean? How does coin mining work momenticoin.com

Mining is an indispensable event in most cryptocurrency blockchain networks. This is a way to verify the transaction and reach a consensus on the point -to -point network. No central institution is required.
bitcoinworthtoday.com cointopaper.com The owner and operator of the computer system that constitutes a decentralized cryptocurrency network is called miners, and the newly created cryptocurrency is received as a reward for this work. Let's discuss in detail what does coin mining mean? How does coin mining work?

What does coin mining mean?

Mining is the process of generating and publishing new Bitcoin and verifying new transactions for dedicated computer networks.

Mining is the process of Bitcoin and several other cryptocurrencies to generate new coins and verify new transactions. It involves a huge decentralized computer network around the world, which is used to verify and protect the blockchain -record virtual classification accounts for cryptocurrency transactions. As a return to contributing its processing capabilities, computers on the Internet will receive new coins rewards. This is a virtuous circle: miners' maintenance and protection of the blockchain, blockchain reward coins, coins provide incentives for miners maintained blockchain.