Bitcoin has a total of 21 million validators. This means that there can only be 21 million bitcoins in circulation. The reason for this is that bitcoin is deflationary. New bitcoins are only created when a new block is added to the blockchain. This block is created by miners, who are rewarded with new bitcoins […]
What Are Bitcoin Miners Solving
What Are Bitcoin Miners Solving? Miners are an important part of the bitcoin ecosystem. They are responsible for maintaining the blockchain and ensuring that all transactions are properly processed. But what are they actually doing? To understand what miners are doing, it’s first necessary to understand how bitcoin works. Bitcoin is a digital currency that […]
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