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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",
"Proof-of-Work algorithm")))Miners receive two types of rewards in
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
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
new block and acts as proof that the miner expended significant
computing effort. The competition to solve the Proof-of-Work algorithm