The Mining Process

Mining is essential to Bitcoin's decentralized consensus process. As we touched on in Unit 1, this process is how we prevent "double spends", how we determine who has what when, and how we decide on the "truth" on the network without any one entity being in charge of the process. This video walks through the mining process in detail. Watch from the beginning through 28:46.

Source: Andreas M. Antonopoulos, https://www.youtube.com/watch?v=fw3WkySh_Ho
Creative Commons License This work is licensed under a Creative Commons Attribution 3.0 License.

Last modified: Wednesday, January 24, 2024, 2:38 PM