Family, here is a bit of knowledge
🔍 1. What is cryptocurrency mining?
Mining is the process by which nodes validate blocks in a blockchain using computational power.
Main function: Validate transactions and keep the network secure.
PoW (Proof of Work): Requires miners to solve mathematical puzzles. The first to solve it adds the block and receives rewards.
Prevents double spending: PoW prevents the same balance from being used twice.
Decentralization: The more independent nodes there are, the more secure and distributed the network is.
51% Risk: If someone controls more than 50% of the computational power, they can alter the network, although this is unlikely in large blockchains like Bitcoin.
