How Does Bitcoin Mining Work? | Crypto Extracted From Mining #VOCShorts #CryptoFacts #CryptoShorts

How Does Bitcoin Mining Work? | Crypto Extracted From Mining #VOCShorts #CryptoFacts #CryptoShorts

Bitcoin mining refers to the process where a global network of computers running the Bitcoin code work to ensure that transactions are legitimate and added correctly to the cryptocurrency’s blockchain. Mining is also how new Bitcoin is entered into circulation.

“Bitcoin mining is what makes the Bitcoin network secure,” says Stefan Ristić, owner of the educational website BitcoinMiningSoftware.com.

High-powered computers compete to be the first to validate a series of transactions called a block, and add the block to the blockchain.





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