Information About Blockchain !
Mining serves several purposes in the cryptocurrency ecosystem:
Transaction Validation: Miners validate the transactions by confirming that the sender has sufficient funds and that the transaction adheres to the rules of the network.
Security: Mining plays a crucial role in securing the blockchain by preventing double-spending and maintaining the integrity of the transaction history. Miners ensure that only valid transactions are added to the blockchain.
Coin Distribution: Mining is the primary mechanism through which new coins are introduced into circulation. By solving the mining puzzles, miners earn newly created coins as a reward, which helps distribute the cryptocurrency to participants.