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CH12: mining isn't a difficult problem

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It's a simple problem whose solution requires many iterations.
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David A. Harding 2023-05-25 12:54:40 -10:00
parent 668827b1cb
commit cf72b00e45
1 changed files with 2 additions and 2 deletions
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@ -94,9 +94,9 @@ transactions.
and fees")))((("Proof-of-Work algorithm")))((("mining and consensus", and fees")))((("Proof-of-Work algorithm")))((("mining and consensus",
"Proof-of-Work algorithm")))Miners receive two types of rewards in "Proof-of-Work algorithm")))Miners receive two types of rewards in
return for the security provided by mining: new coins created with each return for the security provided by mining: new coins created with each
the block. To earn this reward, miners compete to solve a difficult
mathematical problem based on a cryptographic hash algorithm. The
new block (called the _subsidy_), and transaction fees from all the transactions included in new block (called the _subsidy_), and transaction fees from all the transactions included in
the block. To earn this reward, miners compete to satisfy a challenge
based on a cryptographic hash algorithm. The
solution to the problem, called the Proof-of-Work, is included in the solution to the problem, called the Proof-of-Work, is included in the
new block and acts as proof that the miner expended significant new block and acts as proof that the miner expended significant
computing effort. The competition to solve the Proof-of-Work algorithm computing effort. The competition to solve the Proof-of-Work algorithm