𝐋𝐞 𝐦𝐢𝐧𝐚𝐠𝐞 𝐝𝐞 𝐜𝐫𝐲𝐩𝐭𝐨𝐦𝐨𝐧𝐧𝐚𝐢𝐞 𝐬𝐢𝐦𝐩𝐥𝐞𝐬:

𝐈𝐦𝐚𝐠𝐢𝐧𝐞𝐳 𝐮𝐧 𝐫𝐞𝐠𝐢𝐬𝐭𝐫𝐞 𝐝𝐞 𝐪𝐮𝐚𝐫𝐭𝐢𝐞𝐫 𝐧 𝐮𝐦𝐞́𝐫𝐢𝐪𝐮𝐞

Imagine a neighborhood where everyone keeps a record of transactions between neighbors. This ledger, called blockchain, is public and transparent, allowing everyone to verify entries and exits.

𝐋𝐞 𝐫𝐨̂𝐥𝐞 𝐝𝐞𝐬 𝐦𝐢𝐧𝐞𝐮𝐫𝐬?

Ensure the registry is up to date and secure.

𝐂𝐨𝐦𝐦𝐞𝐧𝐭 ?

By validating transactions and adding new blocks to the ledger.

More precisely :

Collection of transactions:

Miners collect transactions made between neighborhood residents.

Troubleshooting:

To validate transactions, miners must solve a complex mathematical problem. This requires computing power and time.

Adding the block:

The first miner to solve the problem adds a new block to the blockchain, containing the validated transactions.

Reward:

The miner who added the block receives a cryptocurrency reward.

𝐏𝐨𝐮𝐫𝐪𝐮𝐨𝐢 𝐦𝐢𝐧𝐞𝐫?

Creation of new cryptocurrencies:

This is the only way to create new cryptocurrency coins.

Network security:

Mining ensures the security and reliability of the network by verifying transactions and protecting the blockchain against manipulation.

However, mining has its share of challenges:

Investment:

The powerful computer hardware needed for mining can be expensive.

Increasing difficulty:

The more miners there are, the harder it becomes to solve math problems, increasing the computing power required.

Uncertain profitability:

The value of cryptocurrencies can fluctuate, making mining less profitable at certain times.

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