Bitcoin mining ensures the network's security and decentralization from "summary" of The Bitcoin Standard by Saifedean Ammous
Bitcoin mining plays a crucial role in the security and decentralization of the network. By engaging in the process of mining, individuals are essentially contributing their computational power to validate and secure transactions on the blockchain. This process involves solving complex mathematical puzzles, which require significant computational resources to complete. The importance of mining lies in the fact that it ensures the integrity of the network by verifying the legitimacy of transactions and preventing double-spending. Without miners, there would be no way to validate transactions and maintain the decentralized nature of Bitcoin. Furthermore, mining helps t...
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