Definition: Mining

Process allowing to solve a mathematical or computing challenge imposed by a blockchain’s Proof of WorkOldest consensus algorithm, on which Bitcoin is based. On public blockchains, the consensus algorithm choses the block that is added to the blockchain at a given time and the “truth” Lire la suite
consensusTruth admitted by all system participants. This doesn’t imply that it is the absolute truth or that it’sindisputable, it is the truth participants agree on. In crypto, algorithms beginning with Lire la suite. Mining activity requires a variable calculation power depending on the blockchain’s algorithm along
with difficulty of mining. This activity allows processing and validation of transactions while maintaining security and
synchronisation of the network. Miners are rewarded with new tokens.

Back to glossary Crypto