Glossary

Mining

Mining: It is the process of extracting a new amount of the total volume of the cryptocurrency to be added to the total volume traded in the market, and mining is carried out through the use of advanced devices and processors that solve very complex mathematical problems aimed at confirming the transactions of blocks and adding them to the blockchain.

The first computer to solve the mathematical problem earns a specific number of encrypted currency, and the difficulty of mining increases with the increase in the amount that has been mined from the total volume, and those who do the mining are called “miners”.


Learn more economic terms in the Glossary of Terms

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