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Mining Meaning

The act of solving a cryptographic puzzle to find a new block on a PoW blockchain. It is often compared to gold mining because it requires energy and effort to extract new units of currency from the system.

Mining is the mechanism that achieves consensus without a central leader. It ensures that everyone agrees on the exact order of transactions.

It is a physical anchor for a digital asset, making it impossible to counterfeit or double spend the money.

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