What are the sources of digital currencies like Bitcoin and Ethereum?

3 answers

• Mar 06, 2022 · 3 years ago
  Digital currencies like Bitcoin and Ethereum are created through a process called mining. Miners use powerful computers to solve complex mathematical problems, which validates transactions and adds them to the blockchain. As a reward for their work, miners are given newly created coins. This process ensures the security and integrity of the digital currency system.
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• Mar 06, 2022 · 3 years ago
  Bitcoin and Ethereum are decentralized digital currencies, meaning they are not controlled by any central authority. They are created through a process called mining, where powerful computers compete to solve complex mathematical problems. The first computer to solve the problem is rewarded with newly created coins. This process is designed to be secure and transparent, ensuring the integrity of the digital currency system.
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• Mar 06, 2022 · 3 years ago
  Digital currencies like Bitcoin and Ethereum are created through a process called mining. Miners use specialized hardware to solve complex mathematical problems, which verifies and records transactions on the blockchain. This process requires a significant amount of computational power and energy. Once a block of transactions is verified, new coins are created and awarded to the miner. This decentralized process ensures the security and trustworthiness of digital currencies.
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