What is crypto mining?

SPOTLIGHT / Nov 30, 2021, 05:42PM IST

Cryptocurrency mining is a process where one adds transaction records to the crypto’s public ledger or blockchain, which has past transactions. It is a decentralized computational process. The term blockchain comes from the chain of blocks that this ledger of earlier transactions contains. When a Bitcoin is successfully mined, the miner receives a predetermined amount of Bitcoin along with transaction fees paid by those during the transaction. Watch the video to find out more about Bitcoin mining.