Miner

Miner

Miners are an essential part of any Proof-of-Work (PoW) blockchain consensus protocol and are responsible for validating new transactions and recording them in the blockchain ledger. Miners validate these transactions by solving complex mathematical problems, resulting in new tokens being minted, while strengthening the security and reliability of the network. To incentivize users to allocate processing power to mining new blocks, miners are typically rewarded with a fraction of a network's native currency for each successfully mined block.

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Cryptopedia: Miner