Cryptocurrency Q&A
How is new Bitcoin generated?
How is new Bitcoin generated?
Daniele
Mon Dec 02 2024
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7 answers
1205
I want to know how new Bitcoin is generated. Is it through mining, transactions, or some other method? What's the process behind it and how does it work?
7 answers
Valentina
Wed Dec 04 2024
The creation of new bitcoins relies on a process known as mining.
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CryptoLord
Wed Dec 04 2024
Mining involves the addition of new blocks of transactions to the blockchain.
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Pietro
Wed Dec 04 2024
This blockchain serves as a public ledger of all Bitcoin transactions.
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Raffaele
Tue Dec 03 2024
Miners compete to solve cryptographic puzzles that are associated with each block.
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Michele
Tue Dec 03 2024
Solving these puzzles requires significant computational power and resources.
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