What is Mining in Cryptocurrency?

What is Mining in Cryptocurrency? As a beginner, maybe you’re being confused of the word ‘Mining’, well to explain this in a very simple way try to imagine golds and how they are being mined. But before you think of buying a physical shovel and mattock, let me explain how mining is done virtually. Crytocurrencies like Bitcoin are mined with the use of computers. Mining requires specialized computerswhich can find solutions to difficult math problems…

"What is Mining in Cryptocurrency?"

Cryptocurrency

Cryptocurrency Cryptocurrency is a virtual currency that uses cryptography to secure every transaction made, thus counterfeiting this kind of currency is very impossible to do because of this security feature. The invention of the so called digital currency is not really intended by Satoshi Nakamoto the inventor of Bitcoin, which is the first cryptocurrency. In 2008, Nakamoto said that he has developed a “Peer-to-Peer Electronic Cash System,” and announced the first release of Bitcoin in…

"Cryptocurrency"