The Flipside of Bitsbetrippin.

The Flipside of Bitsbetrippin.

Cryptocurrency mining is the crucial activity that allows blockchains to verify transactions and confirm their validity. It also helps some cryptocurrencies circulate into the market and provides an income stream for those willing to invest in the hardware.

Miners use specialized hardware to rapidly guess nonce values in order to find one that solves the puzzle. Once solved, the block is validated by peers on the blockchain and the transaction timestamps are updated accordingly.

Leave a Reply

Your email address will not be published. Required fields are marked *