What is Bitcoin Mining?
Bitcoin mining is how new bitcoins are made and transactions are checked. It works by using computers to solve hard math problems, and when someone solves one, they earn bitcoins. This helps keep the system safe and makes sure there will only ever be 21 million bitcoins..
How dose a Bitcoin Works?
Bitcoin works as a digital currency that allows people to send and receive money online without needing a bank.
What is Proof of Work?
Proof of Work (PoW) is a system used by Bitcoin to secure its network. It requires miners to solve complex math problems using powerful computers to validate transactions. The first miner to solve the puzzle adds a new block to the blockchain and is rewarded with Bitcoin. This process makes it difficult to cheat, ensuring the network stays secure and decentralized.
