The problem Bitcoins are created out of thin air from a computing process called “mining”, a term inspired by how precious metals are extracted from Earth’s crust. In reality, this “mining” is a computationally intensive task with an artificial level of difficulty, required to reach consensus on which “block” in the blockchain gets validated. It’s also called Proof-of-Work.
Bitcoin and pollution — the definitive answer
Bitcoin and pollution — the definitive answer
Bitcoin and pollution — the definitive answer
The problem Bitcoins are created out of thin air from a computing process called “mining”, a term inspired by how precious metals are extracted from Earth’s crust. In reality, this “mining” is a computationally intensive task with an artificial level of difficulty, required to reach consensus on which “block” in the blockchain gets validated. It’s also called Proof-of-Work.