Binance Academy
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What is digital currency mining? What is the mechanism of its work?
Summary
Cryptocurrency mining verifies and audits transactions on the blockchain, and the process also involves creating new units of digital currencies.
The work performed by miners requires enormous computing resources, as it is the factor that keeps the blockchain network secure.
What is digital currency mining?
Cryptocurrency mining verifies and audits transactions on the blockchain, and the process also involves creating new units of digital currencies.
The work performed by miners requires enormous computing resources, as it is the factor that keeps the blockchain network secure.
What is digital currency mining?
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