What is a more in-depth definition of a miner??
Answer / Suman Kumar Singh
In the context of blockchain, a miner refers to a computer system that validates and confirms transactions by solving complex mathematical problems (proof-of-work consensus mechanism). Upon successfully completing these computations, the miner earns newly minted cryptocurrency as a reward. Miners maintain the integrity of the blockchain network and secure its operations.
| Is This Answer Correct ? | 0 Yes | 0 No |
What is a ledger and what kind of ledger is blockchain?
Does gas price determine when a transaction is processed?
What type of records is kept in a blockchain?
Where have you seen the greatest success in how blockchain has impacted the food industry so far? Are there any case study examples you can share?
What variables are stored in the storage and memory areas respectively?
What does blockchain do?
What is a d app?
What is geth’s “fast” sync?
What is the difference between the distributed database and the traditional database?
State difference between proof-of-work & proof-of-stake?
What is a chain fork?
What exactly do you know about executive accounting?