role of bitcoin miners

Blockchain Distributed ledger A distributed ledger is a type of database that is consensually shared, replicated, and synchronized among the members of…

Limitation of Blockchain Technology Blockchain technology has enormous potential in creating trustless, decentralized applications. But it is not perfect. There are certain…

Blockchain Double Spending Double spending means spending the same money twice. As we know, any transaction can be processed only in two…

Role of Bitcoin Miners To understand the role of bitcoin miners, let us first understand Bitcoin Mining. Bitcoin Mining Bitcoin mining is…

Sending and Receiving Bitcoin Sending and receiving bitcoin is one of the core building blocks of any bitcoin application. Sending and receiving…

Blockchain Key Areas In the blockchain technology, bitcoin is the best-known implementation of the blockchain. There is a lot of development and…

Who sets the Bitcoin Price Bitcoin is like a commodity. The price of bitcoin is determined by the market in which it…

Blockchain Merkle Tree Merkle tree is a fundamental part of blockchain technology. It is a mathematical data structure composed of hashes of…

Converting Bitcoins to Fiat Currency In this section, we are going first to understand the meaning of Fiat or Fiat Currency. Fiat…

Blockchain Proof of work Proof of Work(PoW) is the original consensus algorithm in a blockchain network. The algorithm is used to confirm…