MiningMining is the process through which cryptocurrency transactions are gathered, verified, and recorded into a digital ledger known as the... Read More verifies and records cryptocurrencyA digital currency in which transactions are verified and records maintained by a decentralized system using cryptography, rather than by... transactions on a digital ledgerA digital ledger is an online record of transactions. The digital ledger tracks financial or other data. Read More (blockchainA Blockchain is a distributed database that is shared among the nodes of a computer network. As a database, a... Read More). The approval or verification process for adding new transactions to the blockchain varies depending on the cryptocurrency, but usually, miners must approve each transactionA transaction is a record of an event that occurred in the past. Transactions typically occur during the course of... Read More to add it. Miners maintain the integrity of the blockchain networkA blockchain network is a decentralized system that allows for peer-to-peer transactions. The main components of a blockchain network are... Read More by verifying and processing transactions, thus ensuring that new coins can enter circulation.
