Mining

Mining is the process of validating and adding new transactions to a blockchain by solving complex cryptographic puzzles. Miners, participants with powerful computing resources, compete to solve these puzzles, and the first to succeed earns the right to add a new block to the blockchain. Mining serves as the backbone of Proof of Work-based consensus mechanisms, contributing to network security and incentivizing participation by receiving rewards in the form of cryptocurrency. It plays a pivotal role in ensuring the integrity and immutability of Web3 blockchain networks.