What is Blockchain Technology and How Does it Work

What is Blockchain Technology and How Does it Work

Blockchain technology is a decentralized and secure digital ledger that records transactions across a network of computers. It ensures transparency, immutability, and tamper resistance, making data manipulation difficult. Blockchain is the underlying technology for cryptocurrencies like Bitcoin and has applications beyond finance, such as supply chain management and smart contracts. How Blockchain Technology Works? Blockchain…

How Bitcoin is mine? What is it and How it works?
|

How Bitcoin is mine? What is it and How it works?

Bitcoin is mined through a process called proof-of-work, where powerful computers compete to solve complex mathematical puzzles. Miners who successfully solve these puzzles are rewarded with newly created bitcoins, and their transactions are added to the blockchain. Understanding Bitcoin Mining Bitcoin mining is a decentralized process where miners utilize powerful computers to solve intricate puzzles,…