In the world of
Bitcoin, the miners are the key figure of any transactions procedure.
To
describe them in one sentence: they confirm
the transactions between Bitcoin users.
Mining is the mathematical race using computers.
Specifically,
the mining is the making computer to do the mathematical calculations for the
Bitcoin network to confirm transactions (bitcoin.org).
Not all Bitcoin users
are Miners—only a small portion of them. The nature of the mathematical
problems set the fairness of any transactions.
Miners confirm the
transactions, and for their service they get some amount of Bitcoin (about 25
Bitcoin per transaction).
Here is the video which summarizes this post:
References:
2. bitcoin.org
Perfect integration of textual reinforcement of images and video. I know I've made this comment before; I find your topic fascinating. Great job bringing awareness and educating others on Bit Coin.
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