What is blockchain and what is mining?

Blockchain is a technology, based on which Bitcoin and other cryptocurrencies have been discovered. Each transaction is in this blockchain.

Finally, a complex mathematical problem has to be solved,, called Proof of Work. The people who do this are called miners. The first one who can solve the problem is, he will get Bitcoin as a reward. Previously it was 25, now 12.5 Bitcoins. It's half a block, chain technology protocol. Ethereum is also a popular cryptocurrency and it can be withdrawn through ethereum to paypal

Miners are voting to agree again. There are a lot of mines. That is why cryptocurrency transactions can't be fraudulent or false. Anyone in the world can buy a reliable computer or machine with special powers and join the network and become a, even earn some money. The potential of this blockchain technology is immense. For example, if blockchain technology is used in ownership of homes and land, it would be impossible to counterfeit ownership or documents. It's open, to everyone to know who owns the place.

Cryptocurrency mining is the process in which transactions between users are verified and added into the blockchain public ledger. ... Bitcoin mining is based on a consensus algorithm called Proof of Work.