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An Introduction to
Cryptocurrency
Mining
Shared By Ormeus Global
Cryptocurrency
Cryptocurrency is an exciting new way to invest and spend your
money, and Ormeus Global is at the forefront of it all. Along with the
launch of Ormeus Coin, Ormeus Global also offers educational
courses on how individuals can take advantage of the rise of
cryptocurrencies. Mining cryptocurrencies, for example, is just one
way to do exactly that.
Bookkeepers of Cryptocurrencies
Miners are, in short, the bookkeepers of cryptocurrencies. They are
in charge of confirming and reporting transactions on networks such
as Bitcoin, Ethereum and more. As a means of compensation, miners
receive fractions of a cryptocurrency unit on a regular basis.
Only Miners Can Confirm Transactions
A miner is the closest thing to a regulator many
cryptocurrencies have. As described in a blog by Blockgeeks:
“Only miners can confirm transactions. This is their job in a
cryptocurrency-network. They take transactions, stamp them
as legit and spread them in the network. After a transaction
is confirmed by a miner, every node has to add it to its
database. It has become part of the blockchain. For this job,
the miners get rewarded with a token of the cryptocurrency,
for example with Bitcoins.”
To learn more about
cryptocurrencies, visit
the Ormeus Global
website today.
Follow Ormeus Global
https://www.facebook.com/ormeusglobal
https://www.crunchbase.com/organization/ormeus-global
https://www.behance.net/ormeusglobal
https://globalormeus.blogspot.in/
https://issuu.com/ormeusglobal_
https://ormeusglobalblog.tumblr.com/
https://www.slideshare.net/ormeusglobal_
Thank You

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Ormeus Global Shared An Introduction to Cryptocurrency Mining