Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third party interference. Ethereum is a platform that enables developers to create decentralized applications (dapps). Dapps are applications that run on a blockchain. A blockchain is a distributed database that maintains a continuously-growing list […]
How Does Mining Crypto Work
Mining is the process of spending computation power to secure Bitcoin transactions against reversal and introducing new Bitcoins into the system. Miners are rewarded for their efforts with transaction fees and newly created coins. Mining is a process that allows new Bitcoin transactions to be confirmed and added to the blockchain. Miners are rewarded with […]
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