MiningMining, in the context of cryptocurrencies, refers to the process by which new coins are introduced into circulation and the verification of transactions on a blockchain. Miners use powerful computers to solve complex mathematical problems, and once solved, a new block is added to the blockchain, and miners are rewarded with a certain number of coins. Key Points: • Proof... More is the decentralized process by which new coins are entered into circulation in the cryptocurrencyCryptocurrency is a form of digital or virtual currency that uses cryptography for security and operates independently of a central authority or traditional banking system. Cryptocurrencies leverage blockchain technology to gain decentralization, transparency, and immutability. Key Features: • Decentralization: Cryptocurrencies operate on a decentralized network of computers, meaning no central authority governs or regulates it. • Cryptography: Secure transactions and... world. It involves solving complex mathematical problems using computational power. Miners validate and record transactions on the blockchainA blockchain is a decentralized and distributed digital ledger used to record transactions across multiple computers in a way that ensures the data can only be modified once it has been recorded. Once a block of data is recorded on the blockchain, it becomes extremely difficult to change it without altering all subsequent blocks, which requires consensus from the majority... More and are rewarded with newly minted coins.