What Is Mining And It's Process In Crypto Currency
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Salam to everyone and wish all of you best luck for yours future.We all listen about cryptocurrencies but some of us don't know that how crypto currency can made and how to minn cryptocurrencies and in this post i will explained the mining of bitcoin and mining of crypto currency and hope this post will be very useful.
What Is Mining? |
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Mining is a process of crypto currency for creating or generating new crypto coins.But this is not a easy process the minners has to solve some complex puzzle for the mining of coins.Firstly have to solve these puzzles then run them on blockchain and adding them to network fot the process of locate.In mining different minners solve the puzzles with high processing computeres and machines and then they mined any coins.
Crypto Currency Mining Process |
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The process of mining is that as i said before different minners solve complex puzzles with the use of different machines and it's a process for mining cryptocurrency.The bzyntine problem was firstly discussed in the paper is that reliable computer systems must be able to function effectively in the presence of faulty components that may send conflicting information to different parts of system.This issue even more acute when we talk about decenterlizied computer network.Imagine that byzantine army surrounded enemy city and diveded into seven groups.Each unit is commanded by jeneral and they all neend to come up with according plan however they are located away from each others.In mining generals are nodes on bitcoin network and also know as minners.A network node s connection that point can receive and create and send data across all network.In crypto mining every node is general and all the nodes are connected with each others and communicate with each others via message.They first store and then receive and then transfe data to each others.Then these nodes started the assumption on the network.After that they did mining with different process like proof of work and proof of stake and proof of elapsed time and proof of burn.These are the main process for the mining of crypto currency.In these process the minners solve complex puzzles for the mining and mine the crypto currency in next posts i will explain all the processes and i hope these basic things are useful for us.
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