MiningMining verifies and records cryptocurrency transactions on a digital ledger (blockchain). The approval or verification process for adding new transactions... Read More is the process through which cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... transactions are gathered, verified, and recorded into a digital ledgerA digital ledger is an online record of transactions. The digital ledger tracks financial or other data. Read More known as the blockchainA blockchain is a distributed database that is shared among the nodes of a computer network. Read More. The work done by miners is essential for maintaining the integrity of the network and is also responsible for introducing new coins into the system.
