Blockchain networks rely on miners or validators to verify and add new transactions to the chain from "summary" of Blockchain Technology Explained by Alan T. Norman
Blockchain networks are decentralized systems that require a group of individuals or entities to verify and add new transactions to the chain. These individuals are known as miners or validators, and they play a crucial role in maintaining the integrity and security of the blockchain. Miners or validators are responsible for solving complex mathematical puzzles in order to validate transactions and add them to the blockchain. This process is known as mining, and it requires a significant amount of computational power. Miners compete with each other to solve these puzzles, with the first one to do so being rewarded with newly minted cryptocurrency as well as transaction fees. Validators, on the other hand, use a different consensus mechanism to...
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