What is Mining?

Bite-sized

Mining is the process of validating transactions and bundling them into a block that is added to a blockchain.

*work in progress*

Mining is the process of validating transactions and bundling them into a block that is added to a blockchain. While everybody is free to validate transactions and create blocks, only one miner at a time can add a block to the blockchain — in the case of Bitcoin, it happens on average every 10 minutes; with Ethereum, it happens on average every 12 seconds. There are two popular mining protocols: Proof of Work (PoW) and Proof of Stake (PoS). The mining protocol decides who is selected to add the block to the blockchain. The protocol is a security measurement to make it difficult to predict which miner will add the next block — mathematically, the miner is chosen randomly. When a miner submits a block, the network notifies all users, and the mining process starts over again.

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