Basic ideas about "Mining"
Hello Everyone "Assalamualaikum" I am Kawsar Hasan from Bangladesh.
Today I will briefly discuss with you about the basics of Mining and Minor. I hope you like it.
Mining
Mining means digging. Refers to the process of extracting minerals from the crust. However, in the case of cryptocurrency, the term mining is somewhat similar, but completely different.
Mining is actually a process by which cryptocurrency can be created. This does not mean that we can create as many cryptocurrencies as we want, such as Bitcoin. Such as mining to make bitcoin. However, no one can make bitcoin if they want to, so mining is needed. But powerful computer is needed for mining. Our usable computer is not suitable for mining.
Mining basically means to solve transaction problems. In other words, when transactions are made from one transaction to another, these are to be solved. Because there are many mathematical calculations hidden in every transaction. So these need to be addressed. And lastly, the information of the transaction has to be recorded in the ledger. Another thing is that mining requires minors. There are many big names in the world for this.
Thanks for stopping. I have tried to briefly mention about mining. If I am wrong, I hope you will cooperate....
Use trxfanclub as a tag instead of tronfanclub.
Thanks for your first post. Well appreciated. If it would have discussed from basic system of mining point of view, would have been great. Still great job and keep on sharing your content on the specified topics.
250 words are minimum requirement. Thanks
Thanks for your valuable information