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Mining refers to the process of creating new units of cryptocurrency and verifying transactions on the blockchain through computational power. It is an essential pillar of decentralised cryptocurrencies, ensuring network security and maintaining trust in the system. At its core, mining involves solving complex mathematical problems to add a new block to the blockchain, with […]

Since the introduction of the first cryptocurrency—Bitcoin—in 2009, public perception of digital currencies has come a long way. Initially viewed as an experiment, cryptocurrencies gradually evolved into important financial tools, gaining popularity among millions of users worldwide. However, the question “What is the purpose of cryptocurrency?” continues to spark discussion. One of the key advantages […]