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Cryptomining
HomeGlossary TermsCryptomining

Cryptomining

June 24, 2023BY Ubik Capital
282Views

Cryptomining is the process of solving complex equations in a Proof-of-Work consensus mechanism to validate transactions and add new blocks to the blockchain. Individuals who operate computers supporting a blockchain network, known as miners, solve these equations and are rewarded with cryptocurrency, typically the native coin of the blockchain.

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