⛏️Mining

Crypto mining is the process of verifying and adding transactions to a blockchain while also generating new cryptocurrency tokens. It involves solving complex mathematical puzzles using powerful computers.

How Crypto Mining Works

1. Transaction Verification – Miners validate transactions and group them into blocks.

2. Solving Cryptographic Puzzles – Miners compete to solve a mathematical problem (Proof of Work).

3. Block Addition – The first miner to solve the puzzle adds the block to the blockchain.

4. Rewards – Miners receive newly minted cryptocurrency and transaction fees as a reward.

Why Mining Is Important

• Secures the Network – Prevents fraud and ensures transactions are legitimate.

• Decentralization – No single entity controls the blockchain.

• New Coin Generation – Mining introduces new coins into circulation.