Mining

Mining

Crypto mining is a process blockchain networks, like Bitcoin and other cryptocurrencies, use to finalize transactions. It's called mining because this process also releases new coins into circulation. Put simply, crypto mining is really just guesswork with a monetary incentive—aka proof of work.

Crypto miners make sure each transaction is legitimate. Traditional banks do this behind the scenes and transactions can take days to fully process. Crypto mining verifies transactions within minutes and makes them visible for everyone to see.